THE LIFE and pensions industry is losing billions of pounds through policies being cancelled early, a new report reveals.
Accountant KPMG estimates the industry lost £4bn in 2004 from early cancellations and more than half the total money paid out was to customers surrendering their policies before they reached maturity....
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.