HM Revenue and Customs (HMRC) has taken over £400m too much in tax from savers accessing their pensions since the introduction of Freedom and Choice in 2015.
When a saver accesses their pension fund to make a withdrawal, an emergency tax code is applied which operates on the basis that this sum will be received every month. Many savers accessed their pension...
The Department for Work and Pensions (DWP) revealed savers are sticking with the auto-enrolment (AE) saving habit as the "pensions revolution continues".
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
Auto-enrolment reforms have transformed the UK’s pension system. Nick Reeve looks at latest research examining the lessons to be learned from the process.
Cross-border pensions and savings vehicles are growing in popularity among multi-national companies, according to research by Willis Towers Watson (WTW).
Thinking Ahead Institute research shows that DC funds have more assets than DB across the world’s biggest markets.