Pensions

More than £87 million was paid in tax on the largest full pension withdrawals in just six months, according to new figures.

John Healey, the newly appointed Chancellor, is being called on to guarantee long-term stability on pension tax rules, following a surge in early withdrawals from retirement savings that new analysis links to uncertainty ahead of the last Budget.

Almost half of UK workers are not confident their pension will provide a comfortable retirement. The gap in pension confidence was highlighted in new research from digital workplace pension provider Penfold.

Millions of people could be required to work until they are 68 before claiming the state pension under plans to bring forward the increase in the retirement age by at least seven years.

An ageing population could be a key driver in state pension spending nearly doubling its share of GDP in the next 50 years.

The National Employment Savings Trust (NEST) is planning to invest up to £1bn in venture capital by 2030 as part of a new strategy. The change in tact by the UK’s largest workplace pension scheme will see a stronger focus on unlisted UK companies.

Pensions savings should have a “home bias” that directs a huge stockpile of cash into UK companies, according to Andy Haldane, the president of the British Chambers of Commerce. This would help close a funding gap that hampers the growth of small and medium-sized businesses, he told the

A new analysis from the Resolution Foundation has reignited debate over the future of the State Pension Triple Lock, arguing that the policy is too expensive, ineffective at tackling poverty, and unsustainable for the public finances. The briefing, published this week, notes that the State Pension i

Financial planners at wealth and asset management group Rathbones have reported a sharp rise in client queries ahead of plans to bring unused pension savings into inheritance tax (IHT) calculations from April next year. HMRC estimates that around 10,500 estates will face an inheritance tax bill for

With around six months to go until all pension providers and occupational schemes must be connected to the UK's new MoneyHelper Pensions Dashboard, four in five (80%) UK adults remain unaware of the initiative, according to new research from KPMG UK. Awareness is lowest among those closest to retire

The UK government has formalised an amendment to the Pension Schemes Bill, marking a shift in how retirement funds can access private markets. By backing down on previous restrictive language, ministers have ensured that the new legislation remains "wrapper agnostic", focusing on the quality an

Nearly four in ten private sector employers are planning to scrap pension salary sacrifice schemes following the Chancellor's decision to cap national insurance relief at £2,000 per year, according to research by Standard Life. The new polling, conducted among 500 business leaders, shows that

With pensions being brought into estates in a year’s time, savers are being warned not to stop or reduce their contributions to "the best way of building long-term wealth" just to avoid a potential inheritance tax bill. New figures from Murphy Wealth suggest that contributing to a pension coul

Pension and investment mutual Royal London has posted an 18% rise in profits, with its Scottish operations playing a central role in the company's continued growth. The mutual, which employs around 1,800 people across offices in Glasgow and Edinburgh, reported an 18% rise in adjusted profit before t

The Scottish Public Pensions Agency (SSPA) could miss a revised deadline for updating thousands of people about their pension entitlement, a new report has warned. The Auditor General for Scotland today published a new report which raises concerns about the SPPA's work to deliver pensions "remedy" c