New open-ended funds designed for infrastructure and private assets
The Treasury is set to save around £4.5bn from the increase
Holly Roach explores fears about the possible capacity constraints of stronger nudge policies
A freedom of information request submitted by Aegon did not return an answer
Aegon is reiterating its call for the £4,000 MPAA limit to increase to £10,000
The industry has responded positively to the regulators’ consultation
Aegon has criticised pension guidance proposals for detracting from other forms of support
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.