Pension Wise
NAPF 2015: Just one in ten exploring retirement options turning to Pension wise
Just one in ten people exploring retirement options has considered turning to Pension wise, according to research from the National Association of Pension Funds (NAPF).
DC: Where do we go from here?
The publication of The Future Book promises to give a snapshot of the DC landscape as well as providing food for thought as to its future direction. Helen Morrissey goes through the research.
Industry cautiously backs flat-rate tax relief
Almost half of the industry believes a flat rate of tax relief would be the best outcome from the government consultation that closed this week, Professional Pensions research finds.
FCA is wrong to think rich people more likely to be victims of fraud
Six in ten people criticised the observation from the Financial Conduct Authority (FCA) that people with more money in their pots would fall victim to pension liberation more often.
TPAS: Tax, LTA and accessing freedoms top concerns for members
Avoiding tax, accessing pension freedoms and the lifetime allowance are the topics which most concern people who contact the Pensions Advisory Service (TPAS).
Lift Pension wise restrictions says industry
Three quarters of trustees and pension professionals think the government should scrap its restrictions on how often people can use Pension wise, PP research finds.
Treasury to give DWP responsibility for Pension wise
The Department for Work and Pensions (DWP) will take responsibility for Pension wise within the financial year, the work and pensions select committee has been told.
Citizens Advice: Pension wise appointment restrictions should be lifted
Citizens Advice has suggested that over 55s should be able to access face-to-face guidance from Pension wise on more than one occasion.
Politicians urged to clarify meaning of retirement advice
Lawmakers must clarify what is meant by advice so it can be made more widely available, industry figures have told the work and pensions select committee.
Data from Pension wise vital for measuring success of pension reforms
The quality of data collected by Pension wise needs to be improved to see whether freedom and choice is working, the work and pensions committee has heard.
Many employers failing to engage with retirement processes
Many employers are failing to help workers make retirement decisions, with three in ten not knowing where employees were getting information on the April pension reforms, according to research.
Osborne: Treasury led on pension changes because they were primarily about tax
The Treasury took the lead on the retirement flexibilities introduced in April because they were mostly concerned with removing tax charges, Chancellor George Osborne has said.
MPs launch pensions freedom advice and guidance inquiry
Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.
Summer Budget: Pension wise extended to over-50s
The government is set to make the guidance guarantee service Pension wise available to all over-50s, documents from the summer Budget showed.
PBUK 2015: Industry must clarify difference between guidance and advice
The industry must ensure the difference between guidance and advice is spelled if the public are to benefit fully from retirement flexibilities, warns the Money Advice Service (MAS).
Affluent investors not using Pension wise
Affluent investors are not using Pension wise says Suffolk Life.
How can trustees give guidance without being on the hook for advice?
PP looks at the risks in giving members guidance and what trustees can do to avoid them
Non-experts will 'struggle' with Pension wise
Lay people will struggle to use Pension wise without having additional support according to Aon Hewitt client relationship manager David Pharo.
Providers pick up 60,000 calls a day after flexibilities take effect
The insurance industry was bombarded by almost 230,000 calls from consumers in the days after the ‘freedom and choice' reforms took effect, the latest figures show.
UKIP pledges to treble funding for Pension wise in 2016
The UK Independence Party (UKIP) would double the budget set aside for Pension wise this year from £30m to £60m if it wins the general election on 7 May.
Pensioners prime targets after CAB handles 5,000 fraud calls last year
Citizens Advice Bureau (CAB) has warned pensioners are twice as likely to be targeted by fraudsters after it received over 5,000 calls last year.
Is DC governance fit for purpose?
DC governance will need to evolve rapidly in the coming months if it is to remain fit for purpose according to Girish Menezes.
Over half of SMEs ignorant of pension changes coming in this month
More than half (56%) of small and medium-sized employers (SME) have never heard about the retirement flexibilities set to come in from April 6, according to research.
Industry predicts Pension wise will flounder
More than two thirds of industry insiders think Pension wise will suffer "major problems" in its first few weeks, according to Professional Pensions research.
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