Former pensions minister turned Royal London director of policy Steve Webb has called for a complete overhaul of the "absurd" pension tax overpay system.
New HM Revenue & Customs (HMRC) figures show that tax overpayments since the pension freedoms came into force have now passed the £280m mark. In the first quarter of 2018, more than £22m had to be repaid...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
The Department for Work and Pensions (DWP) will ban the charging of flat fees on auto-enrolment (AE) pots valued at or below £100 and launch work on how to standardise cost and charges reporting.
‘Dramatic’ drop due to pandemic’s economic impact
Reasons to be optimistic in 2021
The Financial Conduct Authority (FCA) has published a defined benefit (DB) transfer tool which it said should help firms understand its file review methodology for DB transfer advice. But what exactly is it and why should advisers care?
131 firms have authorisations revoked