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...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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