The Liberal Democrats want to enshrine the ‘triple lock' on the state pension into law and raise the tax-free allowance to £12,500 as the party unveiled its manifesto ahead of next month's general election.
The majority of well-off pre-retirees are well prepared for pensions freedom and choice despite lack of contact from providers about the changes, a survey from website RetireEasy has found.
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The Personal Finance Society (PFS) is in discussions with the regulator and government to introduce additional safeguards to defined benefit (DB) pension transfers where the client wants to act against the advice they received.
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A Labour government would further reform the retirement market so pension providers "put savers first", the party has said in its manifesto.
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