Experts believe that the rules to stop the exploitation of tax relief on pension contributions run counter to the Government's effort to solve the problem of small pension pots. It cites law firm Allen & Over...
摘要: The article reports on the request of Stephen Gay, director general of the Association of Independent Financial Advisers (AIFA) in Great Britain, to financial advisers to support the debate regarding the management of people with small pension pots....
In addition, the creation of a central infrastructure introduces a major cyber risk in creating a single source of data on members’ pension pots. One breach of this database, and member confidence is gone in a flash. Remember, we have seen some very high-profile data breaches this year,...
“It would leverage the anticipated success of the pensions dashboard in connecting members with their pension pots and engaging more people with their later-life savings.” Broadstone said the government should provide a minimum pension age override so schemes do not need to amend rules to ...
This will introduce new rules and requirements to help increase the amount available for private pension savers and provide higher retirement incomes.The government has saidthat this bill “could help an average earner, who saves over their lifetime in a defined contribution scheme, to have over ...
All of the trustees jointly control the scheme The individual has control over their pension No individual pension pots; percentage share of overall fund instead. Funds may be notionally earmarked depending on scheme rules. Entire pension fund belongs to the individual WARNING: We cannot tell you ...
The Crystallised Policy administration includes all drawdown options of the Uncrystallised Funds Pension Lump Sum (UFPLS) − capped drawdown, flexi-access, small pots and triviality payments. The administration fee covers up to 24 pension payments, calculating income tax, benefit reviews and ...
The article discusses the author's view on the turbo-charged small pots rule for pensions in Great Britain. He outlines some of the changes to the rule including the minimum pension age for retirees. T...
Byline: Alex Brummer and James ChapmanHUNDREDS of thousands of savers who have built up small pension pots are to receive a major boost from George Osborne in next week's Budget.The Chancellor will relax rules to enable retirees with modest nest eggs to take them as cash lump sums, the ...
Just three insurers offered regular annuities for this type of saver, and only two offered special deals for the sick.As part of our Stop The Great Pensions Rip Off campaign, we've been fighting for changes to the rules to help savers build up bigger pension pots and get better value for...