The Daily Mail and General Trust pension fund has launched a programme to encourage members affected by the reduced tax-free lifetime allowance to apply for fixed protection.
The scheme has e-mailed all 196 members who could potentially exceed the allowance – which will be cut back form £1.8m to £1.5m from April – to prompt them to take action. The members were given access...
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.