HMRC grabs over £400m extra from pension freedom users
UK taxman forced to repay over £30m in Q4 2018, showing little improvement has been made
Pension Freedoms
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FCA proposes ‘adviser-less’ pension investment solutions
The move would help stop 100,000 clients a year putting retirement pots into unfit investments
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Caution urged following jump in pension freedom withdrawals
Torrid markets in 2018 saw the FTSE100 down 12% and most funds delivering negative returns
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Poorer pensioners gambling most with pension freedoms
Nearly 50% jump in high-value annuity sales, while low value annuities plummet by over 25%
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Pension freedom users need to plan ahead, experts say
Advisers are ‘not educated enough’ to help over-55 investors
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Pension freedom users in UK get £38m back in over-paid tax
Figures reveal a rise in tax repaid to individuals over-charged when making use of pension freedoms
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Pension freedoms could bring in £19.2bn of tax in next decade
Surging drawdowns may reduce overall tax take
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Are pension freedoms still the right approach?
Increased uncertainty poses very clear challenges for the provision of pensions and advice, says FCA chief
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UK pension scam victims lose £91,000 each
Research shows 253 victims lost more than £23m to pension scams in 2017
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Pension cost inquiry to make providers ‘sweat’
British Steel pension scandal looms large, as opaque fees and charges slammed
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£20bn withdrawn since pension freedoms launched
The popularity of the UK’s pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed since the reforms launched in April 2015, according to the latest figures from HM Revenue & Customs.
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‘Discriminatory’ pension freedoms under fire
A campaign has been launched to end the ‘injustice’ for five million UK pensioners who cannot access the pensions freedoms because they retired before April 2015.