Earnings figures put triple lock under strain

Figures published yesterday by the Office for National Statistics (ONS) show that average weekly earnings grew by 6.6% year on year in the three months to May 2021, putting the pensions triple lock under further pressure.

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Transfers slump as contingent charge ban bites

The ban on contingent charging and the pandemic have resulted in a major slump in pension transfers, according to new research. 

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Pension freedoms cost savers £2bn in lost returns

Savers cashing out their pension pots to take advantage of pension freedoms since 2015 are set to lose £2bn as a result, according to new research.

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68% of contingent charge DB transfers went ahead

Nearly 70% of DB transfers went ahead when contingent charging was used compared to less than 28% when non-contingent charging was applied, according to a Freedom of Information request.

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