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.
Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.
The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.