The Pensions Ombudsman is to take over all dispute resolution previously handled by it and The Pensions Advisory Service. Under the current system, people can ask TPAS to help settle a dispute before a formal complaint is made to their pension scheme. Or, they can go straight to TPO, which has legal powers to settle […]
If the pensions industry has started 2018 as it means to go on, recent research on retirement incomes from Prudential suggests things have got off on the right foot. The annual ‘Class of…’ research found that among 1,000 people planning to retire this year, the average expected retirement income is £19,900 a year. This is […]
Some defined contribution pots could be boosted by 32 per cent to £146,000 if two proposed reforms to auto-enrolment go ahead, according to research from the Pensions Policy Institute. In a paper published yesterday the Pensions Policy Institute says lowering the age at which people can save from 22 to 18 and the removal of […]
Retirement provider Just has re-signed platform technology provider GBST to run its flexible pension plan. Australian company GBST is currently also handing the migration of Cofunds assets onto the new combined Aegon platform and Alliance Trust Savings’ replatforming alongside existing clients AJ Bell and Novia. Just Retirement first partnered with GBST in 2015 before merging […]
The introduction of ground-breaking pension freedoms in April 2015 has created some uncertainty for employees and employers alike, and they are looking for help. With further changed announced in the summer Budget, employees really need help to understand how the changes affect them.
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