This week's top stories include the announcement to increase the lifetime allowance, and industry reaction to the Autumn Budget.
1) Autumn Budget 2017: Lifetime allowance increase confirmed Budget papers have confirmed the lifetime allowance for pensions will increase to £1,03m for the tax year 2018/19. 2) Quiet Budget...
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.