Savers overtaxed £400m by HMRC on pension freedoms
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...
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AE benefits apparent despite savings lull
The Department for Work and Pensions (DWP) revealed savers are sticking with the auto-enrolment (AE) saving habit as the "pensions revolution continues".
One in five contract-based schemes expected to move into a master trust
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
Lessons for policy change
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DC assets outpace DB during 2019 as global shift accelerates
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