Displaying items by tag: pensions

A former senior official at the Pensions Regulator has called for members of DB pension schemes to benefit from the same flexibility as those with DC schemes have.

Six in ten 50-year-old workers say they are worried about the upcoming rise in the minimum pension age, according to a new study.

The pension gender gap between single pensioners under 75 has reversed for the first time ever, according to analysis of DWP data.

Major new research has revealed that men are more likely than women (43% versus 37%) to manage their own pensions, such as via a self-invested personal pension scheme (SIPP).

Plans to bring forward a rise in the state pension age which were expected to be announced in May have been put on hold, according to newspaper reports

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.