Pension tax overpayments hit £56m in Q2 2023
This is up almost £8m compared to the first quarter of the year
Pension
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Pension savings increase following LTA scrapping
Some 23% of higher rate taxpayers are delaying retirement to save more
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Two UK financial advice firms fail
After both companies were investigated by the FSCS earlier this year
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UK eyes ‘evolutionary’ change to pensions market with reforms
As DWP launches consultation about ending the proliferation of deferred small pension pots
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18% of over 55s to pass tax-free cash from pension to loved ones
Men more likely to do so than women
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Chinese private pension market to hit $550bn by 2030
Following reforms to the market
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IFAs need to be better at promoting the value of retirement advice
Over a quarter of Brits over 55 said they wouldn’t seek support in lead up to retirement
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43% of Brits over 55 unaware of tax-free pension rules
Retirees need to consider ‘key things’ before they take their lump sum
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Bribery claims against former managers of £21m Cayman fund upheld
Liquidator of the pension fund plans to continue efforts to ‘maximise recovery’
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Pensions industry set for ‘fraud crisis’
Greater accessibility to retirement savings could leave Brits ‘highly vulnerable to a wide-scale wave of scams’
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Why Qrops still have a part to play in the advice market
They are ‘not suitable’ or ‘necessary’ for everyone
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Pension dashboard provider sets up in the UK
Company already operates in South Africa and Namibia