Only 27% of people say they are not reliant in some way on their partner’s pension, according to new research.
New figures have revealed that around 60,000 people claimed a refund on emergency tax on pensions in 2023-24 - an increase of around 20% on the previous year.
More than 40m pension records have connected to the Pensions Dashboards ecosystem since April.
The State Pension could climb by more than £550 next year thanks to the triple lock, as earnings growth outpaces inflation.
Chancellor Rachel Reeves is reportedly considering cutting the tax-free pension commencement lump sum in a bid to save more than £2bn a year for the Treasury.
Charging inheritance tax on unused pension funds will create confusion and increase the risk of gifting mistakes for the Bank of Mum and Dad and Gran and Grandad, equity release specialist Key Advice has warned.
The majority of Millennials (56%) and Gen Z (62%) see a mixture of pension and property as their main retirement assets, according to new research.
A petition calling for a 10-day pension switch guarantee has attracted more than 2,000 signatures in its first two weeks.
Plans to make the unused pension pots of people who die before the minimum pension age subject to inheritance tax, have been termed ‘unfair’ by SSAS provider the WBR Group.
Amid fears this week about Chancellor Rachel Reeves raiding pensions to plug tax gaps, there was better news on the State Pension for women.
Simpler pension transfers took an average of just 10.8 days to complete as the industry moved out of the busy tax year end period and into early summer.
New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.
Back in 2002 Donald Rumsfeld, US Secretary of Defence, coined a phrase which has been repeated a million times since but I’m increasingly wondering whether it could be applied to UK pensions and ultimately financial advice (or rather lack of it).
Four in 10 people say they are worried about upcoming changes to pensions and inheritance tax.
Six people have been charged over a pension fund and SIPP fraud which involved £75m being invested into storage units in the North of England and Scotland.
A quarter, 24%, of people have little to no idea about how much they and their employers are paying into their pension.
SIPP operator Corporate & Professional Pensions Ltd (FRN: 465748) has been declared in default by the Financial Services Compensation Scheme.
The Government is reviving the Pensions Commission to look at ways to tackle the problem of people not saving for their retirement.
The Chartered Institute for Securities & Investment (CISI) has launched a new initiative this week to campaign to turn the UK’s pension capital into a "powerful engine of sustainable growth"
SIPP savers are facing a ‘retirement mirage’ as their confidence about achieving a comfortable retirement outpaces their understanding of how they will achieve it.
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