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  • Most people rely on their partner’s pension

    Only 27% of people say they are not reliant in some way on their partner’s pension, according to new research.

  • 60,000 claimed a pension tax refund last year

    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.

  • 40m pension records connected to Dashboards ecosystem

    More than 40m pension records have connected to the Pensions Dashboards ecosystem since April.

  • State Pension could climb by more than £550

    The State Pension could climb by more than £550 next year thanks to the triple lock, as earnings growth outpaces inflation.

  • Reeves reportedly looking at cutting tax-free pension sum

    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.

  • IHT on pension pots will hit bank of Mum and Dad

    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.

  • Younger investors bet on property and pensions for retirement

    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.

  • Thousands sign pension-switch petition

    A petition calling for a 10-day pension switch guarantee has attracted more than 2,000 signatures in its first two weeks.

  • IHT on unused pensions pre-55 ‘unbelievably unfair’

    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.

  • Editor’s Comment: Progress on pensions but much more to do

     

    Amid fears this week about Chancellor Rachel Reeves raiding pensions to plug tax gaps, there was better news on the State Pension for women.

  • Pension transfer times fell after tax year end

    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.

  • 502,000 claim back £1.5bn overpaid tax on pensions

    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.

  • Editor’s Comment: Pension knowns and worrying unknowns

    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).

  • 4 in 10 worried about IHT on pensions

    Four in 10 people say they are worried about upcoming changes to pensions and inheritance tax.

  • 6 charged over £75m storage unit pension fraud

    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.

  • Taxpayers in dark about how much they put into pensions

    A quarter, 24%, of people have little to no idea about how much they and their employers are paying into their pension.

  • Dorset SIPP operator fails

    SIPP operator Corporate & Professional Pensions Ltd (FRN: 465748) has been declared in default by the Financial Services Compensation Scheme.

  • Government revives Pensions Commission to tackle savings crisis

    The Government is reviving the Pensions Commission to look at ways to tackle the problem of people not saving for their retirement.

  • CISI launches alliance to help 'unlock' pension investment

    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 over-confident about retirement

    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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