Pension transfer restrictions go live
‘The one lingering concern is how all providers will apply common sense when interpreting the rules’
AJ Bell
-
-
UK platform rolls out commission-free investment app
It will have an annual charge of 0.15%
-
Too early to jump into ESG with both feet
Its influence is growing but diversification remains vital, says one investment manager
-
Triple lock suspension gets go-ahead
After the House of Lords rejected government bid to halt system for a year
-
UK government suffers setback in triple lock suspension plan
But is ‘certain to use its comfortable majority in Commons’ to overturn House of Lords amendment
-
HMRC refunds £800m in overpaid pension freedoms tax
Industry hopeful that move to digital portal will reduce overcharging
-
UK retirees to get ‘third biggest increase’ in state pension
But 3.1% uplift in the 2022-23 financial year ‘may fall short’ of cost of living rises
-
Investors turn back on UK equities for growth and tech funds
Lack of retail interest in asset class ‘is interesting as it goes against’ the institutional market
-
Decade of triple lock increased value of state pension by 35%
But next year marks the first time the rise will not be in line with the model
-
Cost of pension tax relief hits £41bn
But this is ‘no excuse’ for the chancellor to raid it in the upcoming budget
-
UK watchdogs team up to gauge value for money in DC pensions
Proposals will help consumers ‘challenge providers’ and ‘allow better comparisons between products’
-
Pound in your pocket just got lighter
After inflation hits record 3.2% in August