All Pension freedoms articles
-
NewsStudy shows savers are shunning advice over pension freedoms
A decade on from the introduction of pension freedoms, more research has emerged showing that a growing proportion of pension savers are taking no advice or guidance at all before accessing their retirement savings, despite a lack of understanding of the decisions and options available.
-
News10 years of pension freedoms: How people are accessing their retirement savings
A decade on from the introduction of pension freedoms, new research reveals that many eligible savers opted to withdraw from their pension under these rules without seeking any advice at all.
-
OpinionA decade of ‘freedom and choice’: Time to rethink advice provision
Glyn Bradley of the Institute and Faculty of Actuaries looks back on a decade of pension freedoms and ahead to how we can make the policy work better for members.
-
FeaturesPension freedoms 10 years on: A progress report
It’s a decade since the government announced the end of compulsory annuitisation. What effect has it had?
-
NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
-
NewsRetirement risks make UK drop to 10th in global pensions index
The UK slipped from ninth to 10th in Mercer’s latest retirement income survey, as the long-term shift from defined benefit to defined contribution leaves members facing greater retirement risks.
-
NewsProviders causing difficulties for savers accessing pensions
On the go: A survey of 2,153 members of consumer group Which? who accessed one or more of their pension pots in the past 24 months found that inflexible pension providers are creating difficulties for savers.
-
NewsRisk in retirement: Where are we now?
Join the Financial Times and Pensions Expert for an exclusive two-hour briefing, in association with Societe Generale, to discuss increasing pension portfolio risks and exploring what more can and needs to be done to secure safer outcomes in retirement.
-
NewsACA: Early pensions access could encourage people to save
On the go: Younger generations could be encouraged to save more for the long term if they were allowed to dip into their retirement savings early in order to cover urgent, essential expenditure.
-
OpinionWhy are annuities making a comeback for pensioners?
After the introduction of pension freedoms, annuity sales fell off a cliff, with the decline largely driven by the fact that they were no longer compulsory.
-
NewsRetirement guidance is improving but decumulation challenges remain
On the go:Support available to those approaching retirement is improving, particularly in master trusts, but a comprehensive framework is still required to ensure all savers get the help they need, according to new research.
-
OpinionUnused legislative rule solves trustees drawdown conundrums
Section 273B of the Finance Act 2004 was introduced as part of the “pension flexibilities” changes and came into force at the end of December 2014.
-
NewsWork and Pensions Committee chair Timms receives knighthood
On the go: Work and Pensions Committee chair Stephen Timms has received a knighthood in the Queen’s birthday honours.
-
NewsGovernment urged to revise at-retirement guidance to help trustees
On the go: Panellists at the Pensions and Lifetime Savings Association’s investment conference have called for a revised framework for at-retirement guidance to allow trustees to give more support to members considering their options.
-
NewsFCA admits Brits were not well-protected against pension freedom risks
On the go: The Financial Conduct Authority has admitted that policymakers and regulators should have done more to protect consumers from risks that arose with the introduction of pension freedoms.
-
NewsMaps aware living squeeze could see savers dip into their pensions
On the go: The Money and Pensions Service has said it is “mindful” of the ongoing living cost crisis and the pressure it is placing on savers’ pension pots.
-
NewsPodcast: Partial AE reform should be prioritised before long-term fix
Podcast: The absence of auto-enrolment reform from the Queen’s speech means the government will be hard-pressed to meet its middle-of-the-decade deadline to achieve it. The priority should be getting the most important parts done as quickly as possible, and introducing the rest of the 2017 reform proposals enacted longer-term. Sackers partner Helen Ball and Mark Ormston, chair of the Industry Policy Committee at the Pensions Administration Standards Association, discuss auto-enrolment, online safety and the proposed value for money framework.
-
NewsGovt rejects call for automatic Pension Wise appointments
The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.
-
NewsPension receipts to reach £1.7bn amid rise in cost of living
On the go: The Office for Budget Responsibility has revised its forecast of tax paid when people access their pension funds, expecting it to reach £1.7bn in 2021-22.
-
NewsActuaries call on govt to improve guidance and advice take-up
On the go: The Institute and Faculty of Actuaries is calling on the government and the pensions industry to improve guidance and financial advice take-up.