New chancellor John Healey has been urged to commit to pension tax stability to avoid another multi-billion-pound increase in early withdrawals from retirement funds.
Three-quarters, 74%, of savers are unaware that their pension pots will become subject to inheritance tax in 2027, according to a new snap survey from workplace pension provider Penfold.
I am glad former Pensions Minister Baroness Ros Altmann has warned of the potentially huge damage to pension planning a new government move on State Pension Age, literally slipped in to an OBR report, could cause.
Government plans to bring forward the rise in State Pension age to 68 by seven years will hit the poorest and most vulnerable older citizens, former Pensions Minister Baroness Ros Altmann has warned.
The DWP has today published a new monitoring and evaluation plan known as The Pension Schemes Act 2026 Evaluation Strategy – the roadmap – which has been developed with the Treasury, the FCA and The Pensions Regulator (TPR).
The FCA says that pension firms must do more for customers who have older pensions and fund savings because of concerns that some of them may be receiving poor value.
Almost two-fifths (38%) of workers fear they will never be able to afford to retire while more than four in five (83%) say rising living costs will leave them less comfortable in retirement.
Climate change is becoming a defining factor in pension outcomes, funding strategies and retirement security across the UK, the Society of Pension Professionals (SPP) has warned.
STEP, the professional body for trust and estate practitioners, has warned the government that its plans to bring unused pension funds within the IHT net from next April will cause “unworkable complexity” and could have adverse consequences for bereaved families.
There’s a comprehension gap in workplace pension communication, with more than a third (37%) of UK employees claiming their workplace pension scheme was either not clearly explained to them or they had no memory of any explanation.
Nearly 40% of over 55s (38%) have no plan in place for the tax-free cash they can get from their pension.
Transact has unveiled the new Flexible Reversionary Trust (FRT) which it says will help advisers prepare for the April 2027 IHT changes when unused pension funds will be subject to IHT.
The Government estimates that up to 2.9m people could cut back on pension saving as a result of the salary sacrifice changes planned by the Treasury.
Standard Life has launched a new Sharia pension solution, the Standard Life Sharia Universal Strategic Lifestyle Profile, for members of its workplace pension schemes.
Today’s interim Pensions Commission report has been broadly welcomed by the industry, with some urging the Commission to take 'meaningful action' that leads to 'structural change'.
The Pensions Commission has highlighted that many people are failing to save enough for retirement, particularly among low and middle earners, the self‑employed and women.
A new report published today by the Department for Work and Pensions ahead of the Pensions Commission report expected later this week has highlighted a widening gender pensions gap.
More than 100,000 extra pensions are being cashed in today in full compared to seven years ago when records began.
Almost a third of people, 12.2m, face the prospect of pension poverty in later life, according to the Scottish Widows' Annual Retirement Report published today.
HMRC’s new technical note for IHT on pensions highlights a considerably more complex and administratively demanding landscape for families dealing with estates that include pension assets.
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