Proposals urging the government to build upon restrictions on pensions tax relief to help those less well off will not encourage good employer provision, industry bodies say.
A Trades Union Congress report, published yesterday, said the cost of providing tax relief on pensions in 2007/8 was £37.6bn according to HMRC figures (PP Online, September 9). And it said pensions...
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The premise of auto-enrolment (AE) as a tool to boost both short- and long-term financial resilience will face its first true test as the effects of Covid-19 continue to play out, says Nest.