The industry has warned Chancellor George Osborne to leave tax-free lump sums in pension schemes untouched in his Autumn Statement.
Following changes to pensions tax relief in every year in office so far (PP Online, 4 December), Osborne is rumoured to be considering a cut to the lump sum, currently limited to 25% of the total pension...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.