Pension freedoms withdrawals pass £30bn

New figures published today by HMRC show that a total of £30bn has been withdrawn ‘flexibly’ from pensions, taking advantage of the new ‘pension freedoms’ introduced in 2015.  

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40m UK adults are ‘rolling the dice’ on retirement

Forty million UK adults are “rolling the dice” when it comes to their retirement, admitting that they either have not or did not set savings targets for their retirement.

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PIMFA 2019: Auto-enrolment could be expanded, summit hears

Delegates at the PIMFA Summit in London this morning heard how pensions auto-enrolment could be used as a framework for future savings.

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Pension buyout deficit falls by £2.5bn since 2014

Since the introduction of pension freedoms in 2014 the FTSE 350 buyout deficit - the amount required to transfer the pension liability to an insurer - fell by around £2.5bn.

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