Pensions bill ‘one of biggest failings of UK policy’
But it tackles pension dashboards and collective defined contribution schemes’ establishment
Pension
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UK government urged to review pension allowances
HMRC told to work with schools to improve public’s understanding of tax and finance
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Pension advert misled clients on financial advice
Website claimed to compare best deals and to be able to ‘increase pension by 40%’
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DB pension transfer complaints rise 44%
FOS received 798 complaints and upheld 39% of cases in favour of clients in 2018/19
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‘House of cards’ pension scheme bosses banned for 34 years
They ‘liberated’ around £12m of funds promising 6% returns
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Indian insurance regulator tightens product sale rules
Circular sent to life insurance CEOs outlining the changes
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UK to negotiate no-deal Brexit state pension uprating
Over 363,000 pensioners only guaranteed a minimum 2.5% annual increase for three years
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Pension annual allowance penalties leap to £812m
Record 18,500 people punished for breaching limit in 2017-18
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UK cities battle it out to see who knows most about pensions
With worryingly patchy knowledge across Scotland, England, Wales and Northern Ireland
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Raising awareness about pensions
Scary statistics suggest that people have little clue about how much retirement costs
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Women could miss out on £10,000 in their pension pot
But opting out of contributions could see UK retirees lose £1.75bn
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STM Group on the hunt for acquisitions
As it looks to recruit a UK-based head of distribution and product