Displaying items by tag: pensions
Martin Tilley: How the Budget has changed Pensions
As we near the end of the year and look forward to 2025, it’s difficult not to reflect on the year to date. 2024 presented new challenges for the pension industry, most notably in respect of the implementation of the lifetime allowance abolishment and more recently, the announcement that from 2027, ‘unused’ pension benefits will be subject to inheritance tax.
Mortgage lending past pension age 'now entrenched'
New data on mortgage lending from the Bank of England has revealed that lending into retirement has remained at a high level despite falling mortgage rates.
'Overwhelmed' savers desperate for pensions dashboards
More than half of workplace pension holders (52%) are currently feeling overwhelmed by managing multiple pension pots and that could lead to an explosion of users of pensions dashboards when launched.
19% are clueless about pension contributions
Talk Money Week: consumers encouraged to check pension
Today marks the beginning of the Money and Pensions Service’s Talk Money Week with the theme this year being ‘Do One Thing’ – encouraging everyone to take a single, impactful step towards better financial health.
Pensions could be 'nightmare' for grieving families warns ex-minister
A former Pensions Minister and retirement expert has attacked the government’s Budget day decision to include pensions and pension death benefits within estates for inheritance tax (IHT) purposes.
Advised clients showing Budget jitters - AJ Bell
Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey by AJ Bell has revealed.
Chancellor considering lump-sum pension withdrawal limit cut
Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.
IA calls for reform of pensions market
The Investment Association has set out a series of recommendations it hopes will ensure that reforms undertaken as part of the Government’s Pension Review deliver better retirement outcomes and support economic growth.
MAPS unveils flexible digital version of Pension Wise
The government-backed Money and Pensions Service (MAPS) has today launched Pension Wise Digital, a digital version of its face to face service, to expand its free guidance offering to more people.