The Institute for Fiscal Studies has launched a wide-ranging review of the pensions system, looking at whether people are saving enough and if more support is needed for people to use their funds appropriately.
Latest articles from Amy Austin
HMRC U-turns on lifetime allowance death payments change
HM Revenue & Customs has listened to feedback from pension providers and will abandon making changes on dealing with death benefits in respect of the lifetime allowance being scrapped.
State pension age review to be published by May
On the go: The state pension age review will be published by May of this year, the pensions minister has confirmed.
Accreditation scheme launched to tackle lagging switching times
On the go: A new accreditation scheme has been launched to tackle the amount of time it takes to switch savings, investments and pensions between providers.
State pension age review to be published next year
On the go: The state pension age review will be published in early 2023, the chancellor has said.
FCA failed to protect British Steel scheme members, MPs say
The Financial Conduct Authority had “inadequate oversight” of companies involved in the British Steel Pension Scheme transfer scandal and was “consistently behind the curve” when responding to issues, MPs have claimed.
Pair of ‘advisers’ jailed over £20mn pension fraud
On the go: Two “advisers” who convinced hundreds of pension holders to transfer their pots into self-invested personal pensions, and then unknowingly put them into risky investments as part of a £20mn fraud, have been jailed.
Call for British Steel compensation to go through PPF
On the go: Adviser trade body the Personal Investment Management & Financial Advice Association has called for those who were wrongly advised to transfer out of the British Steel Pension Scheme to be transferred into the Pension Protection Fund, so they can once again have a guaranteed income.
Bailey to be grilled by MPs over British Steel saga
Bank of England governor Andrew Bailey is set to appear before a group of MPs to answer questions about his role in the British Steel Pension Scheme scandal when he was at the financial regulator.
Prudential empties client’s pension pot in error
On the go: Prudential has come under fire after it accidentally paid out the entirety of a client’s pension pot after only the lump sum amount was requested.