GAD report paints 'grim picture'
The Work and Pensions Committee (WPC) has said a cold-calling ban could be in place by summer if the government heeds its suggestions.
The UK pensions system remains relatively ungenerous and unequal compared to other countries, the Organisation for Economic Co-operation and Development (OECD) has said.
HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.
Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.
To promote intergenerational fairness
A total of £12.7bn has been withdrawn from pensions since Freedom and Choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics.
Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.
The industry has reacted with concern after Labour revealed its plans to increase income tax, maintain the state pension age at 66, and impose new taxes on investments.
The Pensions Regulator (TPR) has warned sponsors against prioritising dividend payments over contributions where there is a significant scheme deficit.
Average amount accessed per person continues to fall
A controversial decision to slash the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 will be scrapped as the Treasury seeks to trim the Finance Bill.
Theresa May's surprise announcement to hold a general election on 8 June has thrown into doubt the future of the state pension triple lock and qualifying age.
A prototype of the pensions dashboard has been demonstrated to government ministers on time, the Association of British Insurers (ABI) has announced.
The government should scrap the state pension 'triple lock' and replace it with an earnings link, according to John Cridland's long-anticipated review.
The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.
Pension professionals have reacted with outrage to Treasury plans to cut the money purchase annual allowance (MPAA) from £10,000 to £4,000 from April.
The Treasury has announced that from April savers will be given tax-free early access to their retirement pots in order to pay for advice.
'Annuity comparator' tool to be established