The Department for Work and Pensions will not legislate on ‘micro pot' refunds, despite industry warnings that schemes will be forced to administer thousands of tiny pots.
A spokesman for the DWP confirmed the government has decided not to legislate due to the complexity of refunding the micro pots. He said: "We agreed in the government response to the consultation [Improving...
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'