SCOTTISH LIFE is expanding its pension portfolio product to include an integrated income release plan which allows members to access tax free cash while still making contributions.
The firm said the income release plan takes advantage of A-Day changes by allowing members to take a pension commencement lump sum from the age of 50 – 55 from 2010 – without taking income. Normally...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.