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 secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.