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  • People not confident about retirement finances

    The majority (60%) of UK adults are not confident they’ll have enough money to live comfortably in retirement, according to a new study.

  • Job hoppers save £15,000 more into pensions

    People who have switched jobs multiple times have £15,000 more in pension savings than the average person, mainly because they end up earning more than the average.

  • 'Overwhelmed' savers desperate for pensions dashboards

    More than half of workplace pension holders (52%) are currently feeling overwhelmed by managing multiple pension pots and that could lead to an explosion of users of pensions dashboards when launched.

  • 19% are clueless about pension contributions

    One in five (19%) people don’t know much they and their employer is contributing to their pension.

  • FCA to consult small IFA firms over advice shake-up

    The FCA is to hold round tables with smaller advice firms in the first half of 2025 over its plans to open the door to cheaper, simplified advice services to enable more consumers to access support at an affordable price.

  • Chancellor unveils £80bn pension ‘megafunds’ plan

    Chancellor Rachel Reeves will outline plans for pension ‘megafunds’ this evening at her Mansion House speech as she seeks to increase investment in the UK.

  • FCA bans adviser duo for pension transfer failings

    The Financial Conduct Authority has banned Steven Hodgson and Paul Adams of Stockton-on-Tees-based Vintage Investment Services from advising customers on pension transfers and opt-outs.

  • Budget: Inherited pensions face IHT from April 2027

     

    From April 2027 inherited pension pots will be subject to inheritance tax (IHT), Chancellor Rachel Reeves announced today in her Budget.

  • Advisers see surge in enquiries due to Budget jitters

    Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey has revealed.

  • HNWIs lose half their pension in tax

    The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.

  • Younger workers saving ‘aggressively’ for retirement

    Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.

  • People raiding pension pots over Budget tax fears

    Rumours of a tax rise in the Budget have encouraged 16% of people to consider raiding their pension pots for tax-free cash, according to new research.

  • DC pensions are broken says Willis Towers Watson

    The defined contribution (DC) pension system is broken and should be replaced rather than repaired, according to scheme administrator and adviser Willis Towers Watson.

  • Chancellor considering lump-sum pension withdrawal limit cut

    Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.

  • Auto-enrolment should be extended, says PMI

    Auto enrolment should be extended and made more flexible while employers should offer short-term savings schemes to workers, according to a new report.

  • First CDC pension scheme launches in the UK

    The first Collective Defined Contribution (CDC) pension scheme has been launched today, more than two years after the schemes were given the green light in the UK.

  • Pension tax relief reforms scrapped: reports

    Chancellor Rachel Reeves has stepped back from plans to introduce a flat rate of tax relief, according to newspaper reports.

  • 3 in 5 confused by pensions

    Close to three in five (56%) of Britons think pensions are complicated and confusing, according to a new report.

  • Ombudsman launches pension underpayments investigation

    The Parliamentary Ombudsman has launched an investigation into State Pension underpayments to tens of thousands of married women.

  • Gender pensions gap soars to 43% at 55

    By the time women reach age 55 they have on average 43% less in their pension pot than men, according to data from Royal London.

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