The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
The regulator's retirement income data bulletin said the average withdrawal rate from drawdown or UFPLS (uncrystallised funds pension lump sum) pots - where a regular payment is set up - rose from 4.7%...
Government plans to create jobs for 16-to-24-year-olds will see the state paying employer pension contributions, it is expected.
A lack of steadfast regulation around unbundled defined contribution (DC) schemes makes them a ticking time bomb for firms and members, says Salvus Master Trust.
Available on demand... Louise Sivyer and Michelle Cracknell among the speakers at PP's DeskFlix event on the Future of DC
The latest virtual event in PP’s DeskFlix series took place on 7 July
The Pensions Regulator (TPR) is set to increase its engagement with pension scheme administrators in light of the Covid-19 pandemic.
UK defined benefit (DB) schemes lose up to £250m a year due to less tax-efficient funds, according to research by the Asset Management Exchange (AMX) and Northern Trust.