The plight of former members of the British Steel Pension Scheme (BSPS) who were advised to give up their defined benefit (DB) pensions in favour of individual defined contribution (DC) pots is...
The UK pensions industry has expressed concerns about elements of new government proposals to reform the DC pensions market. At the weekend Chancellor Jeremy Hunt unveiled plans to boost disclosure requirements, forcing...
Legal & General is the latest pension provider to back the introduction of ‘targeted support’ as part of a regulatory shake-up of advice and guidance. In its response to the discussion paper...
The Pensions Policy Institute has warned that the adoption of a lifetime provider model - or pot for life - is likely to be be costly for schemes and employers, and could...
Two of the biggest pension bodies are jointly calling for government action to enhance retirement adequacy while boosting pension investment into the UK economy, to help stimulate growth. In a joint statement...
AJ Bell has launched a new technical hub for financial advisers designed to support them with impending pension tax changes when the Lifetime Allowance (LTA) is abolished in April. Tech Zone provides...
Almost two in three pension professionals say The Pensions Regulator's new general code offers a “real opportunity to add value” to clients. This survey was conducted by The Society of Pension Professionals...
Between the Mansion House reforms of early summer and the recent Autumn Statement, a consultation about small pots became big box office. There were ministerial speeches and newspaper briefings extolling the benefits...
There was support for the government’s controversial ‘pot for life’ proposals from Hargreaves Lansdown — who claims this could address the problem of lost pensions, particularly among a more mobile workforce. The...
There have been further lukewarm responses to government proposals to introduce a ‘pot for life’ model in workplace pensions, giving employees the right to choose their own provider. In its response to...
