Treasury to get £1.6bn windfall from 'unsuspecting pension investors'

Michael Klimes
clock

HM Treasury could land a healthy windfall of £1.6bn as up to 200,000 people are expected to cash in the pension pots in April, according to research.

Ipsos Mori research commissioned by Hargreaves Lansdown shows the expected scale of the boost to the national coffers as a result of the pension changes announce in the Budget. Almost one in eig...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Intergenerational DC risk sharing could boost poor retirement incomes

Intergenerational DC risk sharing could boost poor retirement incomes

Hymans Robertson says up to 50% higher pension income could be provided

Jasmine Urquhart
clock 19 September 2024 • 2 min read
TISA calls for 'significant reforms' to pensions adequacy

TISA calls for 'significant reforms' to pensions adequacy

Head of retirement says further research and reform needed on AE

Jasmine Urquhart
clock 18 September 2024 • 2 min read
Reeves urged to 'unlock' productive investment from DC funds

Reeves urged to 'unlock' productive investment from DC funds

Association warns failure to replace gap left by declining DB investments could have ‘profound consequences’

Martin Richmond
clock 13 September 2024 • 3 min read
Trustpilot