A loophole in A-Day regulations enables scheme members to claim their 25pc tax-free cash lump sum twice under the same pension, Aegon Scottish Equitable says.
The financial services giant says HM Revenue & Customs confirmed it was possible to claim additional tax-free cash when a deferred pension was started – even if a tax-free cash lump sum had been taken...
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now