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  • Young respond more quickly to tax changes

    Tax changes announced in last November’s Budget have encouraged more young people to use ISAs and pensions, according to new research.

  • HMRC accused of leaving IHT pension details too late

    Time is running out for HMRC to tell the pensions industry how next April’s Inheritance Tax changes will work, according to pension consultants LCP.

  • Gender pension gap starts at 28

    The gender pension gap starts at age 28 as many women actively choose not to boost pension contributions because of competing priorities.

  • Property could support retirement income says SPP

    Nine out of 10 (90%) pension professionals reckon property has a role to play in supporting people’s retirement incomes.

  • Former Pensions Minister says Blair proposal is ‘shocking’

    A think-tank run by former prime minister Tony Blair has gained headlines by urging the government to scrap the pensions triple lock.

  • L&G focuses Targeted Support on pension cash savers

    After receiving FCA approval to offer Targeted Support, retirement provider Legal & General said it will focus the new service on customers whose pension savings are fully invested in cash.

  • 3 in 10 business owners have no pension

    Three in 10 business owners do not have a pension independent of their business, according to new research.

  • Pensions industry urged to protect savers from scams

    Fraud Minister Lord Hanson has urged pension trustees to do all they can to protect millions of scheme members from fraudsters.

  • Aptia acquires Mercer’s Pension Decision Service

    Pensions administrator Aptia has acquired Pension Decision Service from Mercer for an undisclosed amount.

  • Pension tax shake-up prompts adviser action

    Financial Planners and advisers are getting ahead of the impending levy of inheritance tax (IHT) on unused pensions from April next year by using options such as tax wrappers, lifetime gifting and earlier drawdown.

  • Use of AI now 100% across pensions industry

    Artificial Intelligence (AI) is now being used universally across the pensions industry with all members of the Society of Pension Professionals are now using AI, up from nine out of 10, 87%, who said they were using it last year.

  • Government waters down pension ‘mandate’ after criticism

    The Government has published an amendment to the Pension Scheme Bill to limit the extent to which it can ‘mandate’ how defined contribution pension schemes invest.

  • Standard Life launches private markets pension default

    Pensions and retirement savings provider Standard Life has launched a new pension default known as Future Opportunities which has a significant focus on private markets.

  • 39% lack confidence about pension planning

    Almost two in five, 39%, of people lack confidence with pension planning, while nearly half, 48%, said they don’t feel confident investing, according to a new study.

  • Only 14% on track to retire at desired age

    Only 14% of people are ‘on track’ to retire at their desired age with their desired income, leaving the majority at risk of retiring later than expected, according to a new study.

  • FCA to simplify pension advice rules

    The FCA will publish proposals this week to simplify pension advice rules with the aim of expanding access for consumers while reducing complexity for firms.

  • 46% of pension holders fear savings are inadequate

    Almost half of savers (46%) lack confidence that their money will provide a comfortable retirement, according to a new survey.

  • 54% of Gen X heading for ‘pension shock’

    More than half (54%) of people born between 1965 and 1980 are heading for 'inadequate' retirement income, according to a new report from think tank The Social Market Foundation.

  • TPR warns about rise in fraudsters trying to 'steal' pensions

    The Pensions Regulator (TPR) has warned that fraudsters are increasingly impersonating people’s personal details to steal pensions.

  • Lords vote for salary sacrifice contribution limit of £5,000

    The House of Lords has made five amendments to the Government’s Pensions Bill outlining pension salary sacrifice changes, including voting to increas the annual cap on employee contributions for full National Insurance relief from £2,000 to £5,000.

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