State Pensions on track for second-largest ever Triple Lock increase
As inflation holds at 6.7%
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
As inflation holds at 6.7%
In response to the DWP consultation ‘Helping savers understand their pension choices’
Advisers will play a ‘key role’ in helping clients understand long-term asset funds
With employees directly supporting the service also being transferred
As DWP launches consultation about ending the proliferation of deferred small pension pots
As it marks 28 days until the deadline to comply with the regulatory regime
But DWP says that public may have access before then
‘It’s hard to predict what the position will be five years from now’
Deal is subject to court approval
Decision is ‘kicking an inevitability down the road’
MPAA has been reset to £10,000 and annual allowance will be £60,000
DWP wants to help lower earners build up pension pots more quickly