Retirement savers hit with £87m tax bill after cashing in pension pots
UK retirement savers fully cashing in pension pots worth £100,000 or more handed over a total of at least £87m in tax in six months, according to analysis of FCA data by...
UK retirement savers fully cashing in pension pots worth £100,000 or more handed over a total of at least £87m in tax in six months, according to analysis of FCA data by...
What’s your current role – and what does it involve? I am a research and data analyst at WTW (formerly Willis Towers Watson) in the central research & support team, supporting the...
Torsten Bell has been formally reappointed as pensions minister, to serve in the same position in Andy Burnham’s cabinet as he did under previous prime minister Keir Starmer. Bell is considered a...
TPT is preparing to launch a defined benefit (DB) superfund, with two cases currently being priced and more than 10 potential transactions in its pipeline. At a roundtable, TPT said the superfund...
UK defined benefit pension schemes of FTSE 100 companies were in a strong position at the end of Q2, with an accounting surplus of around £55bn (120 per cent funding level). The...
The Aon UK DC Pension Tracker rose over the first quarter of 2026, with all savers expected to see an increase in their expected future living standard in retirement. The Tracker rose...
Interest in collective defined contribution pensions is increasing, with more than three quarters (76 per cent) of UK pension decision-makers set to consider a CDC option within the next three years. The...
The Society of Pension Professionals has urged HMRC to amend draft legislation designed to protect pension savers from unintended annual allowance tax charges following Guaranteed Minimum Pension conversion. This conversion is a...
The take-home pay of low earners would be particularly affected by reducing or removing the ‘lower limit of qualifying earnings’, according to a report by the Institute for Fiscal Studies. The report...
Rachel Reeves exited her position as Chancellor of the Exchequer as part of incoming prime minister Andy Burham’s shuffled Cabinet, while Torsten Bell and Pat McFadden were kept in their positions as...