‘Dumb’ dashboards put UK pensions overhaul in jeopardy
Steve Webb says that lack of functions could ‘drive people off’
LCP
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UK unveils pensions dashboard deadlines
Industry warns consumers not to expect ‘bells and whistles’ from the get-go
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Pension freedoms ‘a failure’ without guidance and advice
Savers deemed retirement system a ‘minefield’ as they struggle to understand how it works
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HMRC refunds £835m in overpaid tax on pension withdrawals
But advisory firm believes total is likely to be in ‘excess of £1bn’
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UK state pension age increase ‘needs to be revisited’
As predicted improvements in life expectancy fail to materialise
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UK government ‘under pressure’ to rethink pension increase
As inflation surpasses 5% mark for the first time in a decade
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Is hybrid the retirement strategy of the future?
Pension firm says there is a ‘crossover point’ where annuities become more attractive than drawdown
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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
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Supply of DB pension transfer advice ‘in retreat’
‘Pressure on trustees to do more to support members will only grow’
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Cost of pension tax relief hits £41bn
But this is ‘no excuse’ for the chancellor to raid it in the upcoming budget
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DB transfer take-up hits six-year low
As market suffers from contingent charging ban
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‘Large tax bills’ to hit savers without LTA protection
So far, over 300,000 people have applied to HMRC to safeguard against changes