Retirement savers hit with £87m tax bill after cashing in pension pots
UK retirement savers fully cashing in pension pots worth £100,000 or more handed over a total of at least £87m in tax in six months, according to analysis of FCA data by...
UK retirement savers fully cashing in pension pots worth £100,000 or more handed over a total of at least £87m in tax in six months, according to analysis of FCA data by...
Financial resilience among UK employees has declined over the past year, with only one in four workers now classed as financially resilient. This is according to research from Hymans Robertson Personal Wealth's...
Among the ministerial appointments this week is CDC advocate and co-chair of the RSA Collective Defined Contributions (CDC) Pensions Forum, Lord David Pitt-Watson, who has been named Parliamentary Secretary in HM Treasury. Pitt-Watson,...
The workplace savings market has never stood still; today it’s evolving faster and becoming more competitive than ever before. Against that backdrop, I believe our role at Aegon is very clear: helping...
Torsten Bell has been formally reappointed as pensions minister, to serve in the same position in Andy Burnham’s cabinet as he did under previous prime minister Keir Starmer. Bell is considered a...
TPT is preparing to launch a defined benefit (DB) superfund, with two cases currently being priced and more than 10 potential transactions in its pipeline. At a roundtable, TPT said the superfund...
UK defined benefit pension schemes of FTSE 100 companies were in a strong position at the end of Q2, with an accounting surplus of around £55bn (120 per cent funding level). The...
The Aon UK DC Pension Tracker rose over the first quarter of 2026, with all savers expected to see an increase in their expected future living standard in retirement. The Tracker rose...
Interest in collective defined contribution pensions is increasing, with more than three quarters (76 per cent) of UK pension decision-makers set to consider a CDC option within the next three years. The...
The Society of Pension Professionals has urged HMRC to amend draft legislation designed to protect pension savers from unintended annual allowance tax charges following Guaranteed Minimum Pension conversion. This conversion is a...