The government has today published details of the changes it intends to introduce to remove the effective requirement to annuities by age 75 from 6 April 2011.
The Treasury said it hoped the legislation would allow individuals with DC pension savings from which they had not yet taken a pension to defer the decision to take benefits from their scheme indefinitely...
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.