Treasury triples pension advice allowance to £1,500
The Treasury has announced that from April savers will be given tax-free early access to their retirement pots in order to pay for advice.
The Pensions Advice Allowance (PAA), which was first mooted during last year's Budget, will provide for three separate £500 withdrawals in order to pay for advice. The £1,500 allowance is higher than...
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The Pensions and Lifetime Savings Association (PLSA) has welcomed plans to incorporate performance fees in the charge cap, but the Association of Consulting Actuaries (ACA) warned performance fees are “not the only headache” for defined contribution (DC)...
PensionBee draws 12,000 customer sign-ups for IPO with estimated market cap of £348m
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TPR data reveals further consolidation in occupational DC market
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UK mandatory pension provision half OECD average
Auto-enrolment (AE) contributions must rise to 12% to put the UK on par with the rest of the Organisation for Economic Co-operation and Development (OECD) countries, The Investing and Saving Alliance (TISA) says.
