Royal London
DB trustees urged to engage with advisers to avoid 'reputational damage'
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
Govt in 'quick fix' move to pay NHS workers' pension tax bills
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.
Why aren't general election campaigns about pensions?
Pensions are too complex an issue to discuss on the general election campaign trail. Steve Webb says this is probably a good thing.
Contingent charging ban proposal gets mixed responses in FCA consultation
The FCA’s consultation on banning contingent charging on DB transfer advice has closed. Kim Kaveh looks at the industry’s responses.
Pension savers recoup record amount of overpaid income tax
HM Revenue and Customs (HMRC) paid back over £54m in tax on pension withdrawals during the three months to 30 September – the highest quarterly amount since the introduction of Freedom and Choice in 2015.
Pension freedom withdrawals reach £30bn
Over £30bn has been withdrawn from pension pots since Freedom and Choice was introduced in 2015 for those aged over 55, according to latest data from HM Revenue and Customs (HMRC).
OTS outlines demands for pension tax system overhaul
The Office of Tax Simplification (OTS) has called on the government to review its “complicated” pension tax measures and simplify engagement with the system.
Opperman writes to 50 schemes demanding action on ESG
Pensions and financial inclusion minister Guy Opperman has written to the 50 largest pension schemes requesting action to combat climate change.
Royal London and LCP call for wider access to partial DB transfers
There needs to be wider access to partial transfers out of defined benefit (DB) schemes, according to a joint paper published by Royal London and Lane Clark & Peacock (LCP).
Life expectancy improvements slow as think-tank suggests faster state pension age rise
The Centre for Social Justice has proposed raising the state pension age to 75 by 2035, despite a slowdown in mortality improvements. Holly Roach reports
How diverse are DC default strategies?
Punter Southall Aspire has published a report looking at the disparities in DC default fund approaches. Kim Kaveh analyses the data.
Mid-life support is 'crucial' for both employers and employees
Mid-life support for employees can be a win-win scenario for both employees and employers, according to the Centre for Ageing Better.
Fighting fire with fire: Why reverting public sector reforms will create winners and losers
The various potential routes for the government to respond to the McCloud judgment will mean some members lose out, writes Moira Warner.
Royal London reports drop in pension sales in H1 as DB transfers slow down
Royal London's new business pension sales fell by 4% over the course of a year primarily due to a slowdown in defined benefit (DB) transfers, the firm's half year results reveal.
Six ways to boost your pension pot
Putting together a pension fund can be tricky to tackle, whether you have just set foot into the world of work, or have been working for years and are approaching retirement. Emily McKinnon looks at effective ways of saving for retirement.
Pension transfers pass £60bn mark
Pension transfers have passed the £60bn mark as more than a third of a million people access their defined benefit (DB) pots, a Freedom of Information (FOI) request has revealed.
HMRC has 'no clue' how many members have faced pension tax allowance fines
HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax allowance rules, a Freedom of Information request has revealed.
Pensions tax issues leading to longer NHS waiting lists
The next chancellor should urgently address "absurdly complex" tax relief rules as data reveals NHS waiting lists have lengthened due to senior doctors working fewer hours to avoid the charges.
Government will not legislate to equalise widowers' survivor benefits
The government has been accused of "dragging its heels" on pensions equality after ruling out amending the law to provide for higher survivor benefits for widowers.
Occupational scheme membership rises to 45.6 million people
Membership of occupational pension scheme membership has risen to a record high of 45.6 million people as of the end of last year, according to the Office for National Statistics (ONS).
SLA UK head named group CEO at Royal London
Royal London has announced the appointment of Barry O'Dwyer, previously head of UK for Standard Life Aberdeen, as its new group chief executive to replace outgoing Phil Loney.
Pension participation rises to 87% of eligible workers
AE has had 'truly staggering' impact
Pensions minister admits incorrect state pension forecasts for over 300,000 members
Guy Opperman has admitted incorrect state pension forecasts have been issued for a third of a million people since 2016 with defined benefit (DB) members with "complex" work histories facing a "significant problem".
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