Savers withdrew £9.4bn flexibly from their retirement pots during 2020, data released by HM Revenue & Customs (HMRC) has shown.
The statistics, released today (29 January), showed that £2.4bn was withdrawn in Q1 of last year, £2.2bn in Q2, £2.3bn in Q3 and £2.3bn in Q4. The £2.4bn withdrawn in the final three months of the year...
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.