The proposals would require major pension providers to invest more in the UK and private assets.
The proposals would require major pension providers to invest more in the UK and private assets.
72% of adults in the UK have little or no confidence in the government to make the right decisions about how their pension is invested.
The regulator revealed that it will consult on simplifying its advice rules.
The biggest gains come from locking in pension tax relief at higher rates today — particularly for earners whose tax rate is likely to fall in future.
Changes include making unpaid additional maternity, shared parental and adoption leave automatically pensionable.
The committee found that the statutory six-month deadline for paying IHT is often incompatible with existing pension administration timescales, making it unrealistic for many PRs to...
The proposals aim to make it clearer how pensions perform, what they cost and the quality of service.
Four in ten say clients will need a review of financial plans and 57% say they need to refresh or improve their knowledge on alternative strategies.
The changes will disproportionately impact those being paid less than £50,270.
Those whose sole income is the state pension may not have to pay income tax if their state pension exceeds the personal allowance.
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