Pension

17 Nov Pension exit fees

The introduction of new pension freedoms in April 2015 has provided hundreds of thousands of people in the UK aged 55 and over new opportunities to be able to access their pension savings. The new rules allow the over 55’s new freedoms to access their...

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27 Oct Pension reforms continue

Major pension reforms came into effect on 6 April 2015. Savers have already taken advantage of the pension freedoms to flexibly access over £7.6 billion from their pension pots. Since July this year, over 158,000 people have accessed over £1.54 billion from their pension pots.

The...

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20 Oct Secondary annuities market

Late last year, the government announced that a new secondary annuity market would be created by April 2017. However, after an extensive period of research, it has been decided to cancel these plans. The government was concerned that the consumer protections required would make it difficult...

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03 Aug Pension reforms continue

Major pension reforms came into effect on 6 April 2015. Savers have already taken advantage of the pension freedoms to access over £6 billion from their pension pots. Since April this year, over 159,000 people have accessed over £1.7 billion in this way.

The pension rules allow...

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28 Jul Pension auto-enrolment

The introduction of automatic enrolment for workplace pensions is intended to ensure that the majority of employees in the UK are offered the chance to be part of a work based pension scheme. Automatic enrolment into workplace pensions has been rolling out across the UK since...

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