Labour MP Stephen Timms to chair work and pensions committee
Winner of parliamentary ballot
Stephen Timms, the Labour MP for East Ham, has been named chairman of the parliamentary work and pensions committee.
Timms takes over from veteran Frank Field who lost his long-held Birkenhead seat at the last election. All parliamentary committees, known as select committees, were dissolved when the general election...
More on Pensions
Pension Schemes Bill nears finish line with House of Lords approval
Royal assent soon
Pension transfer values end volatile year 8% up; scam 'red flags' at record high
‘Substantial volatility’
Adrian Boulding: Go against the pack and consider an annuity
Only one in ten opt for an annuity
DWP bans flat-fee AE charges on pots worth under £100
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.
More news
Partner Insight: How can advisers bridge the retirement generation gap?
From new attitudes to life, to how they approach investing, the wealth outlook is different for baby boomers, millennials and generation Z. Professional Adviser investigates how this may impact their retirement.
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Daniel Baade: The rise of debt financing in IFA M&A
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Quilter supports 285 young carers in the UK by raising £10,600
Supported over Christmas
