£17.5bn pension freedom figure 'fails to reflect big picture'
HMRC figures published on Friday suggest almost £17.5bn has been flexibly withdrawn since the inception of pension freedoms, but that figure is not reflective of 'the bigger picture', according to one industry expert.
The latest government figures show 500,000 flexible payments were made to 222,000 people in the first quarter of 2018 - the highest number of payments to the most people since the freedoms were introduced...
More on Defined Contribution
B&CE furloughs 140 staff and changes charging structure
B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.
Coronavirus-driven capacity crunch to leave DB members flailing
Retirees looking to access additional income from their defined benefit (DB) scheme during the Covid-19 crisis will be victims of a “capacity crunch” as suitable financial advisers flee the market, according to Barnett Waddingham.
Smarterly acquires Salvus Master Trust
Smarterly, a FinTech business focussed on workplace savings, has acquired Salvus Master Trust for an undisclosed sum.
Active or passive - which is the sustainable solution?
Newton’s Catherine Gill assesses sustainable investment choices for DC schemes
A DC coronavirus checklist for trustees
In these unprecedented times, it is more important than ever that DC schemes have the right processes in place for governance, communications, and administration. Rona Train looks at what you need to be checking for.
