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Pension transfer values climb to a new high

Retirement provider XPS Pension Group says its Pension Transfer Value Index climbed to a new high of £270,000 at the end of November due to forecasts of increased inflation and a dip in gilt yields.

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Pensions Dashboard body selects first 3 pilot providers

The Pensions Dashboards Programme, the government-backed body that will oversee the launch of pensions dashboards for pension savers, has selected three pilot commercial providers to help with testing and development.

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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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