UK

The Public Accounts Committee has called for a review of pension tax relief, to ensure it is effective and providing value for money. This is part of a wider review into tax...

Pension savers in defined benefit schemes could lose up to 20 per cent of their income, if government reforms to the way inflation is calculated go ahead.  This stark warning comes from...

Mattioli Woods has helped clients recover almost £10m of funds that had been lost to Stadia Trustees.  The wealth manager and employee benefits adviser had been working with the Financial Services Compensation...

PMI provider General & Medical is offering a new virtual GP services to members, through Medical Solutions.  This service will be available to all policyholders at no additional cost and will give...

The time taken to transfer pensions during the coronavirus lockdown only increased marginally, despite the significant disruption to usual business operations.  Data collated by Origo show that during the second quarter of...

More than a third of FTSE250 companies will offer master trusts as their main pension vehicle within the next two years, according to a new report. Willis Towers Watson's annual DC pension...

Australian asset manager, Macquarie Investment Management, is launching into the UK workplace pensions market with its fee-free True Index strategy.  This strategy has been available to Australian DC schemes for 20 years....

Fraudsters have raked in around £4m in by ‘cloning’ existing investment products, and persuading investors to buy them. The Investment Association has seen 300 incidences of this fraud to date. It warned...

Phoenix Group has launched a range of in-scheme drawdown options on its DC master trust, which follow the Government's proposed investment pathways. These options — which will be available for clients of...

Older homeowners released £1.42bn of property wealth in the first half of 2020, despite the coronavirus pandemic hitting sales of equity release schemes. The latest figures from Key’s Equity Release Market Monitor...