Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), Office for National Statistics (ONS) data reveals.
The payments made comprised of pensions payable gross of income tax, lump sums payable on retirement and death benefits. According to the ONS's MQ5: Investment by insurance companies, pension funds...
100 new clients
Achievements, charity work and other happy snippets
Square Mile’s series of informal interviews
Partner Insight: The rise in demand for DFM and multi manager solutions has been largely driven by new mandates from the regulator, says James Bampton, head of UK intermediary distribution at Architas