Hargreaves Lansdown

Trustees must ensure default investment strategies are flexible

While most don't know what they will do, those that cash out will hand £1.6bn to HMT

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.

The Pensions Regulator (TPR) has replaced 35 trustees in the last two years as part of efforts to clampdown on pension scams.

The current 55% tax duty payable when pension funds are passed on after death is set to be axed under this government, George Osborne has announced.

Greater demand for drawdown has helped compensate for significant losses in annuity broking business at Hargreaves Lansdown.

The majority of UK defined contribution (DC) savers are not satisfied with their plans, according to research.

The cost of implementing the 0.75% charge cap has already overshot expectations from the Department for Work and Pensions (DWP).

Labour will continue to push through developments on an automatic transfer system if it wins the next general election, it has been confirmed.

Mark Hoban has backed the Money Advice Service (MAS) to play a central role in providing the guidance guarantee.