Pension administrators in the UK are more than capable of delivering partial transfers from defined benefit (DB) to defined contribution (DC) says Capita Employee Benefits.
While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening
The National Employment Savings Trust (NEST) has revealed plans to deliver in-scheme drawdown and deferred annuities in response to the ‘freedom and choice' reforms.
Figures show the decline of final salary is accelerating
The Treasury will consider imposing a charge cap for when people access their pension freedoms in a consultation to be launched next month.
Defined contribution (DC) members using the new pension flexibilities may find their savings are hit by inheritance tax (IHT) because of a "legislative error", Linklaters has warned.
Affluent investors are not using Pension wise says Suffolk Life.
All pension transfers over £30,000 must be carried out or checked by a pension transfer specialist, the Financial Conduct Authority (FCA) has said in rules out today.
People will increasingly work part time after they are eligible to retire and access their pension pots says Hargreaves Lansdown.
The pensions industry has rejected concerns that transfer values are too stingy, although many think it is time for a new methodology.