The WPC has laid down its final freedoms recommendations to the government
Quilter outlines important considerations for pension savers approaching retirement
Quilter urges people who opted out of contributions during Covid to opt back in
WPC chair Stephen Timms asks City of London Police why no criminal action has yet been taken
The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.
Plans to increase the normal minimum pension age (NMPA) to 57 should be annulled, or transitional protections removed, amid “scant evidence” to support the decision, says Quilter.
Pension scammers are “slipping through the net” as hundreds of fraud cases each year do not get passed to the police to investigate, according to Quilter.
The government has been urged to extend the scheme pays deadline for NHS Pension Scheme members in light of the Covid-19 crisis.
Former pensions minister Stephen Timms has been elected chairman of the influential Work and Pensions Committee (WPC).
The government is to pay the tax bills of NHS workers caught out by changes to pension contribution limits who have been turning down additional work for fear of running up large tax bills.