The Pensions Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has launched an ‘Interim Practitioner Guide’ which details the key due diligence steps to undertake when assessing a pension transfer.
Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.
The Resolution Foundation has urged Chancellor Jeremy Hunt to use next month's Budget to raise the age at which people can access tax-free private pension wealth.
The cost of living crisis could lead to mass breaches of the money purchase annual allowance (MPAA), as more people flexibly access taxable income from their retirement pot to cover increased costs.
Pension savers from the ethnic minorities are far less likely than white Britons to save into a pension scheme.
Only 1 in 20 pension schemes will be able to provide dashboard data for all of their members, according to a new survey.
Pensions Minister Laura Trott has announced a shake-up of private pensions to create “fairer, more predictable, and better-run pensions.”
Defined benefit transfer values fell by more than a third last year as investor concerns over UK debt drove gilt yields higher, according to new analysis.
The FCA is to launch a comprehensive thematic review of retirement income advice.
Latest data from HMRC has revealed that many more pensioners are filing tax returns than younger taxpayers.