More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.
The payments were slightly lower than in Q2, when flexible payments totalled £1.77bn, according to HM Revenue and Customs (HMRC) data published 26 October. Overall, an estimated £7.65bn has been withdrawn...
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to
Nest Insight has outlined a series of different options on how its planned hybrid savings tool could be implemented successfully by employers.