DWP

Andrew Pennie asks why income drawdown is not more widely promoted in decumulation strategies.

More workers in their 50s are choosing opt-out of automatic enrolment (AE) into workplace pension schemes than any other age group, according to official statistics.

EYE-CATCHING

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

DODGY CALL

Retirement income experts have expressed concerns at the decline in the number of retirees claiming pension credit, on the back of new figures published by the Department for Work and Pensions (DWP).

JLT Employee Benefits (JLTEB) has suspended consultancy charging on corporate schemes until the Department of Work and Pensions (DWP) completes its investigation of the practice.

Retirement Planner's round-up of the top pension stories this week.

Steve Webb's pot-follows-member pension policy will make it easier for people to manage multiple pension pots but clarification is needed on the role of advice, Aegon has said.

The Department for Work and Pensions has confirmed it will create an ‘automatic transfer' system for small pots of less than £10,000, allowing workers to take their pensions with them from job to job.