Royal London has urged the Financial Conduct Authority (FCA) to increase awareness of the tax implications of cashing out a pension pot at retirement.
This would ensure people understood the potential benefits of keeping their cash in a pension rather than switching it into a less lucrative account, according to Royal London. Research from the mutual...
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.