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Royal London enters bulk purchase annuity market
Mutual pensions firm and life insurer Royal London has today confirmed its entry into the bulk purchase annuity (BPA) market.
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Pension tax relief could be targeted by Chancellor
Chancellor Rachel Reeves is likely to take a close look at pension tax relief as she looks at ways to raise money for the Treasury in her first Budget next month, consultants LCP have warned.
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FCA data reveals surge in pension withdrawals
The latest FCA retirement income data for 2023/24 has revealed a 20% rise in the number of pension plans accessed for the first time between April 2023 and March 2024.
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Pension schemes fined £33,000 for failing value test
Pension schemes have been fined more than £33,000 by The Pensions Regulator (TPR) after failing a detailed value for members (dVFM) assessment.
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Urgent need for better at-retirement support
There's an urgent need for better at-retirement support, according to former pensions minister Steve Webb, who has called on the FCA to speed up its advice/guidance review.
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