The Treasury is set to save around £4.5bn from the increase
Governance and human rights concerns are leading schemes to revaluate portfolios
HMRC figures revealed the cost of pensions tax relief increased by more than £4bn in 2019/20
Schemes and sponsors urged to establish clear audit trails around any decisions
The inflation rate’s biggest increase since records began in 1997
Charlene Young says new policies could detract the government from its pensions engagement agenda
Triple lock could see state pension grow by 8% after latest earnings data
Pensions industry representatives were questioned by the committee on freedoms
The Pensions and Lifetime Savings Association (PLSA) has called for a new set of product, communication and governance standards to allow greater provider support for savers.
Pension transfers will be red flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government today.