Steve Webb

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.

It is time to reconsider this potential solution to the plethora of fragmented pots, says Sir Steve Webb.

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.

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".

An estimated 1.75 million people are missing out on £60m in tax relief on their pension contributions in 2019/20, as the net-pay anomaly continues, Royal London estimates.

Steve Webb says the sooner government as a whole, and HMRC in particular, has the bandwidth to return to the domestic agenda, the better it will be

HM Revenue and Customs (HMRC) has formed a working group to help schemes consider the pension tax issues arising from the guaranteed minimum pension (GMP) equalisation process.

Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.

Collective defined contribution (CDC) provision will be introduced slowly, starting specifically with a Royal Mail scheme and then rolling it out more widely, the government has confirmed.

TPR has set out specific guidance for trustees and employers with schemes approaching a valuation. Kim Kaveh looks at the details of its annual funding statement.