Employers failing to support members after pension tax changes

Only a quarter of employers intend to assist members with their decision making

Martin Richmond
clock • 2 min read
Waites: Employers need to realise their responsibilities by giving additional support such as webinars, access to guidance or even financial advice
Image:

Waites: Employers need to realise their responsibilities by giving additional support such as webinars, access to guidance or even financial advice

Employers are not doing enough to assist members affected by the allowance changes implemented during this year’s Spring Budget, research by Hymans Robertson has found.

Research undertaken by the consultancy during a recent webinar revealed nearly three quarters (74%) of employers did not have support in place for members affected by the changes to the lifetime al...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: Calstrs reveals problems calculating carbon footprint of its $331bn (£264bn) portfolio

News Digest: Calstrs reveals problems calculating carbon footprint of its $331bn (£264bn) portfolio

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 April 2024 • 1 min read
WSB Awards 2024 - One week left to register!

WSB Awards 2024 - One week left to register!

The 12th anniversary WSB Awards will be presented in London on 5 September

Workplace Savings and Benefits
clock 26 April 2024 • 2 min read
Good News Corner: Barnett Waddingham colleague raises nearly £3,000 for NSPCC

Good News Corner: Barnett Waddingham colleague raises nearly £3,000 for NSPCC

Rachel Pegrum completed the London Marathon on Sunday, running for the NSPCC

Professional Pensions
clock 26 April 2024 • 1 min read
Trustpilot