freedom and choice

The Pensions Management Institute (PMI) has launched a financial education and guidance service supported by Wealth At Work.

The number of people turning 55 and becoming eligible to use the pension freedoms will hit a peak of 941,000 this year, according to Aegon.

Pension transfer activity has dropped to the lowest level since the introduction of the pension freedoms, research by Lane Clark & Peacock (LCP) reveals.

The DCIF has published a report looking into how providers and members are responding to Freedom and Choice nearly five years on. Kim Kaveh explores the findings.

The buyout deficit of FTSE 350 pension schemes has reduced by £2.5bn since the introduction of Freedom and Choice due to an increased number of transfer exercises, Barnett Waddingham has found.

The lack of defined benefit (DB) scheme members' understanding of their retirement decisions is a key concern for trustees and sponsors, according to survey conducted by Aon.

Pension transfers have passed the £60bn mark as more than a third of a million people access their defined benefit (DB) pots, a Freedom of Information (FOI) request has revealed.

Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....

XPS Pensions Group has revealed 70,000 defined benefit (DB) members are exercising pension freedoms each year, suggesting more education is needed to ensure better member outcomes.