Pensions freedom: Six stats from the first six months
Four out of five cash lump sums paid out to under 65s
Pensions freedom is six months old - to mark the occasion the Association of British Insurers (ABI) has released its six top facts to emerge from the reforms.
On 6 April, pensions freedom and choice gave over 55s unprecedented access to their defined contribution pension funds. People can now release funds subject to normal rates of tax and are no longer...
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The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
Pension Schemes Bill gets final approval and waits for Royal Assent
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
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Trustees will need to be corporate finance experts under new TPR powers
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.