The increase in the minimum wage — now called the National Living Wage — announced in today’s Budget, should see more money heading into auto-enrolment pension funds. Chancellor, Rishi Sunak, confirmed that...
Next week’s Budget will change the pension tax rules, according to reports, to ensure doctors — and other higher-paid public sectors workers — aren’t hit with tax bills for overtime. The Financial Times...
It is now five years since the introduction of pension freedom rules, but there is still widespread confusion about retirement options, particularly among the 50-plus age group. One in four savers (26...
A Pensions Schemes Bill has been included in the Queen’s Speech today, which lays out the legislative plans for the forthcoming parliamentary session. This bill includes legislation to enable the pensions dashboard...
The tapered annual allowance pension rules are a classic example of bad policy design. The rules are far too complicated, impossible to predict properly and have damaging side-effects which undermine the aims...
Radical change, at least within the financial services sector, tends to happen slowly, and is often the response to external pressure being applied elsewhere. This is particularly true when it comes to the...
GBST has upgraded its pension drawdown offering, enabling clients more flexibility about how they take an income in retirement. GBST provides wealth administration software through its composer platform, and said these changes...
While the end-goal of guaranteed minimum pensions (GMP) equalisation is clear – to equate the historical pension benefits for men and women – the related challenges, and opportunities, are less so. Initiating...
Nine out of 10 employers claim employees don't understand the tax rules when withdrawing money from their pension. This employer survey was conducted by Wealth at work, which provides guidance and advice...
Most auto-enrolment schemes have trustees responsible for looking after member interests, ensuring schemes are well-run, communicating clearly with members and offering suitable investment options. But many pension trustees are overlooking the interests...
