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...
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.