Average pension transfer compensation slumps to £12,000

New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.


1 in 2 adults expect to work to State Pension age

Half of adults expect to work to at least the State Pension age, currently 66, but half of under 50s believe there probably will no longer be a State Pension by the time they retire, according to a think tank’s research.


ABI warns Govt over lifetime provider proposals

The Association of British Insurers (ABI) has warned the Government that proposals to introduce lifetime 'member choice' pension pots risk undermining the success of automatic enrolment.


HMRC set to issue revised rules on LTA abolition

HMRC has said that it intends to issue a second set of regulations changing the legislation governing the lifetime allowance abolition.

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