Government moves to cut tax relief on pension contributions of high earners will further undermine trust in the system, the Association of British Insurers warns.
ABI director of life and savings Maggie Craig told a House of Lords sub-committee the plan would damage the industry and add an extra layer of complexity to pensions - in direct contradiction of the simplification...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.