HM Revenue and Customs (HMRC) has revealed a 6% rise in the amount withdrawn flexibly this quarter versus the same period last year, and a 10% increase in the number of individuals using this freedom.
The latest statistics, published today (30 April), show 383,000 people withdrew a total of £2.6bn in flexible payments from their pensions in the first quarter of 2021. In the comparable quarter of 2020,...
The Institute and Faculty of Actuaries (IFoA) has urged the government to tackle social care reform and to support alternative structures, such as collective defined contribution (CDC) schemes, to rebalance the risks facing individuals.
The former restructuring advisory and employer covenant business of KPMG has rebranded and launched as Interpath Advisory.
The Pensions and Lifetime Savings Association (PLSA) has welcomed the government’s intention to extend the scope of the Taskforce for Climate-related Financial Disclosures (TCFD).
This week’s top stories included the FRC issuing a £65,000 penalty and severe reprimand against Richard Jones over previous advice to Guinness Peat Group, and news of Emma Douglas’ departure from LGIM.
The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.