Hargreaves Lansdown, the Sipp, investment and advice provider, has urged Chancellor George to use his autumn statement on Thursday to tackle systemic failures in converting pension pots into retirement income.
Hargeaves Lansdown says the DWP is right to consult on a charge cap on workplace pensions and changes should be made, particularly on older schemes.
Sipps and investment provider Hargreaves Lansdown says that the latest thematic review of the Sipps sector, announced this week, is a 'push' towards larger providers but not a 'direct attack' on smaller operators.
Hargreaves Lansdown research claims that £5 billion of company pension contributions are being wasted and that employers think they deserve more credit for implementing auto-enrolment.
Pensions Minister Steve Webb MP is to spend a day working as an 'apprentice' at Hargreaves Lansdown on 30 July.
Hargreaves Lansdown is encouraging investors to set up a Junior Sipp for their children.
HMRC has issued guidance today which confirms that salary sacrifice pension schemes will be able to meet the automatic enrolment requirements arriving this year, according to Hargreaves Lansdown.
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