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Govt rejects default pathways for decumulation

The government has rejected a recommendation to introduce default decumulation pathways saying it would be inconsistent with pension freedoms. In April the work and pensions select committee published a report on pension freedoms where it proposed ways outcomes for savers could be improved. Among the recommendations, the committee said every drawdown provider should offer customers a […]

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Pension transfers hit record £10.6bn in Q1

Pension transfers hit a record of £10.6bn in the first quarter of this year, according to Office for National Statistics data. The figures show the value of pension transfers in 2017 was revised up £2.5bn to £36.8bn. AJ Bell senior analyst Tom Selby says: “The Q1 2018 figure also likely includes a large number of […]

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