Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Talking Head: The PMI's Tim Middleton explains why, when push comes to shove, annuities are an inevitable part of retirement income provision for the majority of savers. The regime in place was ...

From the blog: The flexibilities did away with traditional thinking on what makes an appropriate default fund, and with it kick-started the debate on the best route for members to access and draw an ...

Martin Lewis has highlighted a 'massive tax trap' that could affect anyone with a pension. The warning was issued by his Money Saving Expert website, which published a video featuring the personal ...

Millions of retirees could squeeze more income out of their pensions, and avoid an unnecessary tax hit, by making smarter use ...

The Pension Regulator (TPR) has urged smaller defined contribution (DC) schemes to provide decumulation products or consolidate, in the interests of savers. TPR said millions of DC members now have ...