Retirement
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“More than half of all pension pots still cashed out in full” – Steve Webb, LCP
New ‘retirement income market’ data published by the FCA today shows that in the period October 2022-2023, around 56% of all pension…
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200,000 sign petition for vote by MPs on WASPI compensation for State Pension changes
A petition calling for an urgent parliamentary debate on compensation for the WASPI women has reached 200,000 signatures in less than two…
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Government should explore offering greater Individual choice on state pension age
Pension provider Aegon is urging the Government to explore offering more choice over when people can start claiming their state pension. The…
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Clare Moffat: Good and bad news for pensioners from this weekend
Clare Moffat, pensions expert at Royal London, explains why the State Pension increase could be a double-edged sword for those pensioners who…
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New research reveals only a third of high net worth individuals maximising new pension annual allowance in first 12 months since its increase
In the first year since the pensions’ annual allowance was increased, new data from the Saltus Wealth Index Report reveals that high net worth…
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New employer contribution rate comes into effect for teachers’ pension scheme
The employer contribution rate to the Teachers’ Pension Scheme (TPS) will rise from 23.6% to 28.6% of pensionable pay from 1 April…
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Lifetime allowance legislation remains incomplete as HMRC set to make ‘retrospective’ changes after April
HMRC has confirmed today that it intends to issue a second set of regulations changing the legislation on the lifetime allowance abolition…
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What pensions dashboards announcement means
Pensions minister Paul Maynard has announced the publication of new guidance setting out a staged timetable for connection by pensions providers to…
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‘Pension rules need to reflect the world of today not the world of yesterday’ – Steve Webb shares reaction to DWP Select Committee Report
The Work and Pensions Select Committee has today published its long-awaited report on Defined Benefit pension schemes. LCP submitted written evidence to…
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Public call for government intervention in pensions crisis to tackle climate change and boost savings
New data launched today (26 03 2024) by responsible investment organisations ShareAction, Make My Money Matter and Finance Innovation Lab shows high levels of public…
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