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ILC urges caution as WPSC proposes scrapping triple lock
The International Longevity Centre (ILC) has called on the government to ‘take care’ with the UK’s welfare system after the Work and Pensions Select Committee (WPSC) proposed scrapping the state...
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Triple lock reaction: “Pendulum swung too much” in favour of retired
The state pension triple lock may have helped retired workers to regain benefits lost in the 1980s and 1990s but “the pendulum has swung far too much in their favour” at the expense of today’s working...
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Jessica List: The age-old headache of contribution tax relief
Among the inevitable Autumn Statement rumours that begin circulating around this time of year, writes Jessica List, it is hardly surprising contribution tax relief has been taking centre stage. New...
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Bob Champion: Pension freedoms – we’ve only just begun
Following the pension freedom reforms, writes Bob Champion, the new retirement income industry is merely in its infancy and everyone involved will have to learn how to deal with a raft of consumer...
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Two routes to boosting pension pots of low-paid and part-time – research
Removing the auto-enrolment trigger and qualifying earnings calculation could more than double the pension pots of low-paid and part-time workers, most of whom are women, NOW Pensions has claimed. A...
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Tom Nall: Why 2017 will be a challenging year for workplace pensions
2017 looks set to be a bumpy ride for workplace pension propositions, warns Tom Nall, before going on to outline some of the more nuanced angles of which advisers should be aware. It appears, at long...
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Karena Woodall: Business She Wrote
While it might be nice to live in TV Land, writes Karena Woodall, there are very good reasons why pension problems tend not to be solved in 60 minutes (including commercials). My guilty pleasure is a...
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Six reasons clients may consider a DB transfer – Thomas Miller Investment
As pension freedom encourages an increasing number of people to think about how best to realise value from their pension pots, now could be the time for them and their advisers to consider...
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DWP issues 1.5m state pension forecasts in six months
The six months following the launch of the new state pension in April has seen more than 1.5m personal state pension forecasts issued, according to the Department for Work & Pensions (DWP). By way...
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Mothers miss out on £500m in state pension rights – research
Mothers have missed out on more than £500m in state pension rights in the last three years because of changes to the rules around Child Benefit, according to research by Royal London. The group’s...
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Aviva calls for 12.5% auto-enrolment contributions by 2028
Aviva has called on the government to raise total auto-enrolment (AE) contributions to 12.5% over the next 12 years to give consumers a better chance of building an adequate pension pot. The...
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FCA introduces cap on early-exit pension charges
The Financial Conduct Authority (FCA) has announced its final rules on capping early exit charges for consumers eligible to access the government’s pension reforms from the age of 55. In Policy...
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Les Cameron: When can a pension contribution be refunded?
There are times when a pension contribution may be regretted and a client may want to turn back the clock but, explains Les Cameron, there are only a few exceptions to HMRC’s ‘no-refunds’ policy....
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DWP plans to cap early-exit charges for occupational pensions
The Department for Work & Pensions (DWP) is planning to cap early exit charges for occupational pensions to ensure people over the age of 55 are not “unfairly penalised” for accessing their...
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AE will need ‘elevator pitch’ to engage consumers – Gregg McClymont
Auto-enrolment (AE) is going to need an ‘elevator pitch’ – a short and persuasive sales message – if it is to overcome the future challenges of consumer engagement, Aberdeen Asset Management head of...
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Behavioural biases pose risks to LISA investors – FCA
Behavioural biases are “likely to pose risks” to those who invest in the Lifetime ISA (LISA), the Financial Conduct Authority (FCA) has warned today in its consultation paper on the new saving scheme....
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Charlene Young: Cutting the price of reassurance and control
New reporting requirements for scheme administrators look set to bring pension death benefits trusts back into the spotlight, writes Charlene Young. Fellow pension geeks will have noticed the draft...
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Martin Tilley: Long live the pension!
Martin Tilley is not keen on policy ‘kite-flyers’ but, just between advisers, flies one of his own as a possible contribution towards defusing the demographic savings and housing time bomb Along with...
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Drawdown danger: Are pensions the next big mis-selling scandal?
Fears are growing that income drawdown could be the next mis-selling scandal following a sharp fall in the number of people taking regulated advice. Recent research by the Pensions Policy Institute...
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Government commissions analysis for state pension age review
Pensions minister Richard Harrington has commissioned the Government Actuary’s Department (GAD) to assess projected life expectancy in future years for the state pension age review. In a letter to the...
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