All articles by Amy Austin – Page 4
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NewsHMRC extends reporting and payment deadlines for scheme pays
On the go: HM Revenue & Customs has extended the deadline for savers who want to use their pension scheme to settle tax charges from a previous year.
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NewsSavers given opportunity to lock in minimum pension age at 55
The government has given savers a way to avoid the minimum pension age increase in 2028, as new rules will allow individuals to keep their protected pension age if they transfer their pension.
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DB transfers fall as contingent charging ban bites
A combination of lockdown and the contingent charging ban has contributed to a record low rate of pension transfers, according to LCP.
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NewsAltmann urges pensions triple lock reform as Sunak changes tone
On the go: Choosing to scrap the pensions triple lock just because of one year’s set of numbers is unwise, but a radical overhaul of state pension support is needed, according to former pensions minister Baroness Ros Altmann.
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NewsFCA revamps scams campaign as further £2m lost to fraud
On the go: A total of £2.2m has been lost to pension scams in the first five months of 2021, with the Financial Conduct Authority warning that savers are nine times more likely to accept ‘advice’ from someone online than a stranger in person.
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NewsNAO launches investigation into underpaid state pensions
On the go: The National Audit Office is to investigate the issue of underpayments of the state pension to women, looking at how it happened and what is being done to resolve it.
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NewsNumber of doctors retiring early trebles
On the go: The number of doctors retiring early has more than trebled over the past 13 years, with concerns that hefty tax bills are the main factor driving the action.
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NewsFCA sets out climate-related disclosure rules
The City watchdog is looking to introduce climate-related financial disclosure rules for pension providers, asset managers and life insurers, in a move that will see it align with government action in this area.
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NewsDB transfers hit by pandemic and rule changes
On the go: Cash equivalent transfer values have been significantly impacted by both the coronavirus pandemic and shake-up of defined benefit transfer advice rules, according to Barnett Waddingham.
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NewsBMA calls for doctors to be exempt from pension age hike
On the go: The British Medical Association has called for NHS workers to be exempt from proposals to increase the minimum pension age to 57, saying the complex nature of pensions taxation means many need to retire before this age.
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NewsNHS staff turn to scheme pays as taper issues rumble on
On the go: Nearly 40 per cent of the NHS staff who breached their annual allowance in 2018-19 turned to scheme pays to help them foot the bill, Quilter said, as it warned of a legacy of allowance issues for many doctors.
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NewsRegulators ask industry for help on improving pension saving
On the go: The Financial Conduct Authority and the Pensions Regulator have teamed up to investigate how people make decisions about their pensions at key points throughout their working lives, in order to better support savers through future regulation.
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NewsFinancial bodies call for new online scam rules
On the go: Seventeen groups have joined forces to warn about online scams and lobby the government to include methods to tackle this issue in its upcoming online safety bill.
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NewsMulti-jobbers missing out on £76m in pension contributions
On the go: Low earners with multiple jobs are missing out on £76m a year in employer contributions to their pension due to an “unfair system”, according to Scottish Widows.
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NewsFCA tells providers to book Pension Wise sessions for savers
On the go: Providers will have to offer to book Pension Wise appointments for clients looking to access their defined contribution pensions, under rules proposed by the Financial Conduct Authority.
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NewsMP joins calls to force internet giants to tackle scams
On the go: Conservative MP Ruth Edwards has urged the government to tackle the issue of online pension scams, raising concerns that online platforms have no legal obligations to protect users against fake or fraudulent content.
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PensionBee valued at £346m ahead of IPO
On the go: Consolidator PensionBee could be valued at between £346m and £384m when it floats on the London Stock Exchange.
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Opperman warns on pension scams rise in new tax year
On the go: Pensions minister Guy Opperman has warned savers to be vigilant when reviewing their retirement plans to avoid being caught out by pension scammers operating online.
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Pension contributions bounce back following first lockdown
On the go: Employee contributions to defined contribution schemes jumped by 12 per cent after parts of the economy were restarted following the UK’s first lockdown, new data has revealed.
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PensionBee plans London stock exchange float
On the go: Pension consolidator PensionBee is considering floating on the London Stock Exchange, which it says will allow it to invest in future growth.