Short service refunds from defined contribution schemes are to be abolished as part of the government's drive to increase pension saving.
Pensions minister Steve Webb said outlawing refunds would make pension saving more viable for people who move jobs often. Webb said: "I want to ensure that as people move jobs, their money stays...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
