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Fears over 8% pension withdrawal rate

Industry pension experts have expressed concern about new FCA retirement income data revealing that more than 40% of pension savers are withdrawing from their pension pot at an annual rate of 8% or more.

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British Steel Pension Scheme claims to FSCS top 1,000

The Financial Services Compensation Scheme reported today that it has so far received 1,018 claims from former members of the British Steel Pension Scheme (BSPS).

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New pension transfer scam warnings arrive

 

New red and amber warnings on risky pension transfers come into force today following a Department for Work and Pensions initiative.

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State Pension to rise by 3.1% from April

The Government has confirmed that the basic State Pension will rise by 3.1% from April to £141.85 with the full state Pension increasing to £185.15.

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