Latest figures from HM Revenue & Customs (HMRC) show some 772,000 people withdrew more than £6.5bn from their pension pots in 2017, making taking cash from a pension pot "the new norm for millions of people".
The figures remained relatively steady throughout the year, although Q2 proved to be the most popular quarter, with some 200,000 individuals withdrawing about £1.86bn. The number of people making pension...
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.