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Teachers' Pension Scheme rise will hit private schools
The Department for Education has today confirmed an increase of 5 percentage points to the employer contribution rate of the Teachers' Pension Scheme (TPS) with schools' contributions set to rise from 23.6% to 28.6%.
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Workplace pension savers are more likely to be disengaged
Savers with workplace pension schemes are significantly less likely to understand or engage with their pensions compared to their counterparts with personal pensions, according to new research.
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New chair at Mattioli Woods as Kiddie steps down
Wealth manager and SIPP provider Mattioli Woods has appointed a new chair to help steer the company as its advice business continues to grow.
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AMPS voices ‘deep’ concern over SSAS levy rise
The Association of Member-Directed Pension Schemes (AMPS), the industry body for SIPP and SSAS providers, has voiced “deep concerns” about a big proposed rise in a DWP pension scheme levy which could hit SSAS providers and other small pension scheme in the pocket.
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DB pension transfer values slump by a third
DB transfer values have fallen by a third since June 2018, according to the latest data from XPS’s Transfer Value Index.
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