Occupational pensions schemes will be required to direct savers to take guidance on pension withdrawals under new provisions to boost engagement.
The amount of equity withdrawn from homes has rebounded after a slump during the coronavirus lockdown but remains slightly down year-on-year.
The Pensions Dashboards Programme (PDP) has published its second progress update report – setting out a timeline for the development of the project and revealing the dashboard would not be ready to be offered to consumers until 2023.
90% relate to Covid-19
NFU Mutual the fastest
Transfer did not proceed
2.5% widely expected
IA Public Register data
Basic state pension increased 41% since policy inception
It is called ‘the pension mountain’ – the size of funds required by savers to afford a pension that keeps them in similar financial circumstances to their working life. And it is growing.
'Sleepwalking into retirement misery'
Pension dashboard update soon
Trustees fear breaking the rules
Members struggling to find suitable adviser
Since 2015, the retirement landscape has shifted with new government rules around pension freedoms allowing individuals more choice in how and when they access their retirement savings.
The question is: what is the right thing to do?
Ahead 3 November
‘A lot of work to do’
‘Little understood’ system
George Osborne's baby
Broadens ESG choices