The latest news is brought to you by WEALTH at work* – a leading provider of financial education in the workplace.
*a trading name of Wealth at Work Limited which is a member of the Wealth at Work group of companies.
The tax collected from individuals breaching the Lifetime Allowance (the amount of savings which can be built up in a pension and receive tax relief) has rocketed by £100m since it was introduced in 2006.
Jonathan Watts-Lay, Director, WEALTH at work, discusses with The Telegraph how individuals can make the most of tax breaks when taking income in retirement.
The Treasury Committee has called upon the Government to abolish the Lifetime ISA (LISA).
It has been reported that the Work and Pensions Secretary, Esther McVey, is planning to ditch the ‘pensions dashboard’, a tool to let savers see all their pension pots in one place.
The Pensions Policy Institute (PPI) has released its ‘Evolving retirement outcomes’ report.
WEALTH at work is calling for more to be done to protect employees and members from the risks around defined benefit (DB) pension transfers.
The government have announced that the implementation of the Pensions Cold Call ban will be delayed until autumn this year.
The Work and Pensions Committee has recently recommended that every pension provider which offers drawdown should be required to offer a default decumulation pathway by April 2019.
If you think that retirement plans are only for the super wealthy, or if you’ve just not got round to it yet, or even that you think retirement is too far away, then think again.
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace is calling for more to be done to protect defined benefit members from the risks around pension transfers.