‘Fully formed’ pensions dashboard not ready until 2025
‘Little doubt the government was wildly optimistic’ that it could be up and running in 2019
Retirement
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Even covid could not get people to engage with their finances
Just 27% of UK adults were prompted by the outbreak to seek advice
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Pensions tax relief mystifies Brits
As 25% would contribute more to their retirement pots if they understood the system better
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Staggering 91% rise in UK investment and pension complaints
Ombudsman believes cases ‘might have been avoided with better communication’
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IHT threshold freeze to hit 31% of UK advice clients
But only 17% are set to suffer from frozen LTA
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A quarter of UK advisers still do not segment clients
Firms are ‘considering new ways to structure retirement portfolios’ to improve outcomes
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Latest call for input evidence pensions still too complex
Disengaged investors more susceptible to scams and remain in poor performing products
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UK consumer campaign sets up green pension charter
To ‘show industry that customers want them to take serious action on the climate crisis’
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Pension firm buys Aon consultancy business in Germany
Deal is part of its strategy to move ‘into different markets with long-term growth potential’
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£150m in pension funds lost due to slow UK policy rollout
Government has still not fixed a ‘quirk’ in tax system despite promising to in 2019
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Call to review tax-free pension lump sum
Withdrawing the entire pot to access 25% puts the rest at risk of stagnating
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DB transfers face further hurdles in bid to stop scams
But warnings that DWP’s plan could push market ‘back into the dark ages’ and ‘cause serious consumer detriment’