Pressure mounts over MPAA reforms
But Treasury holds its ground despite growing number of over-55s breaching the tax-free contribution limit
Tom Selby
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Triple lock suspension gets go-ahead
After the House of Lords rejected government bid to halt system for a year
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Pandemic pension freedom fears fail to pander out
But the true impact of covid-19 is still to be felt, warns pensions expect
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Pension freedom age increase will create ‘second class schemes’
As ‘tougher’ access rules make it ‘complex for savers’
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UK pensions lifetime allowance set to increase by 0.5%
And government expected to keep triple lock promise with 2.5% rise in 2021/22
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UK Chancellor orders review of capital gains tax rules
As government rolls out consultation seeking industry input
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Over 80% of UK advisers call for annual allowance reform
40% want ‘deeply unjust’ MPAA scrapped altogether to ease the covid burden savers are facing
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DB pension transfers hit £10bn in Q4 2019
Nearly 100% increase from the total withdrawn in the previous quarter
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Pensions ‘triple lock’ edges closer to precipice
Implications of coronavirus outbreak would make the UK policy unaffordable
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Five things to know before accessing pension freedoms
During the first bear market since they were introduced
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First time access of retirement pots hit £40bn last year
One annuity sold for every three drawdown policies
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Lack of joined-up thinking risks undermining advice review
UK pension transfers, ombudsman award limits and compensation scheme changes not on the agenda