DB advice demand ‘strong’ but supply ‘hampered’ says report

According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.

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Minister confirms 'significant' pension forecast problems

Pensions Minister Guy Opperman has admitted ‘significant’ problems with incorrect state pension forecasts in a letter to Royal London policy director and former Pensions Minister Steve Webb. 

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Advisers back DB ‘Gold Standard’, says PFS

More than 200 advice firms signed up during the first couple of days to the new Gold Standard for best practice in relation to and consumer guide for Defined Benefit transfers advice, the PFS has revealed. 

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Individuals pay 10 times more tax for LTA breaches

The tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £100m since it was introduced in 2006, with the latest figures showing that £110m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £10m in 2006/7 when the LTA was introduced.

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