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Pensions expert Steve Webb has warned that an extra two and half million taxpayers could face being dragged into the higher rate tax over the course of the current Parliament.

The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

 Women are struggling to save for later life with 1 in 4 having no pension pot and most saying they find it harder to save than men.

AJ Bell has opposed FCA plans for a default investment fund for non-workplace pensions.

The Financial Conduct Authority has published a consultation paper today on Pensions Dashboards which explicity confirms that SIPPs will be included in Pensions Dashboards. 

Projections from the government's Office for National Statistics suggest that the rise in life expectancy over recent years is slowing down.

An MP has proposed plans to lower the age for auto-enrolment from 22 to 18 and to extend the scheme to lower and part-time earners.

Retirement provider XPS Pension Group says its Pension Transfer Value Index climbed to a new high of £270,000 at the end of November due to forecasts of increased inflation and a dip in gilt yields.

Back in May I talked about the FCA’s proposal to get more people using Pension Wise guidance before they accessed their pension. My point then was that the timing of the “nudge” was all wrong – when an individual contacts their provider to access their pension, they have already made their mind up what they want to do.

 

The Government is consulting on proposals to bring forward the rise in the State Pension Age to 68 from 2044 to 2037 resulting in millions being forced to wait longer for the state pension.

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