A third of people who have already purchased an annuity intend to keep it despite government promises they can sell their right to the income for cash, according to a poll of 1,800 retirees.
While 33% indicated they would not sell their contract, 50% said they did not know what their plans were, the Tilney Bestinvest research found. The remainder - 17% - said they would consider selling...
Nest members are making changes to their everyday lives to be more environmentally or socially responsible, but failing to take the same action on their pensions, the provider says.
Gregg McClymont says AE schemes make it easy to opt-out should members feel contributions are not in their best interest
Trustees of defined contribution (DC) schemes redirecting contributions made during Covid-19 to alternative funds should check they’re not unintentionally breaching pension legislation, The Pensions Regulator (TPR) warns.
Thousands of the country’s most financially insecure individuals are remaining in auto-enrolled schemes even if it may not be in their best interests to do so, the Institute for Fiscal Studies (IFS) finds.
Jim Doran looks at how trustees of DC pension schemes can help members who are looking to retire.