The Pensions Management Institute (PMI) and the Society of Pension Professionals (SPP) have today issued a united call for improvements to the Pension Schemes Bill.
The FCA’s Targeted Support proposals ‘could be detrimental to consumers’, according to The Society of Pension Professionals.
The Society of Pension Professionals said the revival of the government’s landmark Pension Commission is good news as it will consider a wide range of potential solutions rather than focusing solely on automatic enrolment.
Changes to salary sacrifice would cause confusion, reduce benefits to employees, and disincentivise pension savings, the Society of Pension Professionals (SPP) has warned.
Donald Trump’s tariffs could hit UK pensions, with DC savers warned they may experience a 20% cut in their retirement income.