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Two thirds of British adults are in favour of mandatory pension contributions, according to new research.
Thousands more pension savers are taking action over concerns they have been hit by a pension scam or are at risk - spurred by an FCA and TPR-backed campaign.
Prime Minister Theresa May and Pensions Minister Guy Opperman have backed for the Pensions Dashboard as plans are due to be announced this week to move the proposal a step closer.
International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.
PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.
The basic premise on contributions made to pensions is that once the money has gone in, you can’t get it out again until you reach retirement age (or earlier ill health or death). There are very few circumstances when exceptions can be made, and if a refund is made other than as permitted by HMRC, then it would be classed as an unauthorised payment with charges totalling up to 70% of the amount refunded.
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