News

Archive - 2017

Average pensioner income trebled since 1977

The ONS recently reported that the average annual income for retired households had almost trebled between 1977 and 2016 but had only double

Getting the right advice will safeguard your financial future

The increase in families investing their pension pots without taking the appropriate financial advice could see savers running out of money

FCA warns about accessing benefits without taking financial advice

The Financial Conduct Authority (FCA) has warned that an increasing number of members are accessing their pension benefits early without tak

Further changes to the State Pension Age

On 19 July 2017, the Government accepted the recommendation made by John Cridland (ex-Confederation of British Industry boss) in his report

MyPension goes live today

Following the recent change to the administration of the DB Section of the Scheme, the new secure member area, MyPension, launches today. Ov

Short reprieve for triple lock on pensions

The uncertainty around the future of the triple lock seems to be over, at least for the short term. The new Secretary of State for Work and

New pensions minster announced following cabinet reshuffle

Following the government’s latest cabinet reshuffle, Guy Opperman has been appointed as the new pensions minister or the parliamentary under

Pension Wise - Free and impartial guidance

There have been a number of changes to Pension Wise since it was first established in 2015 and therefore we would like to take this opportun

Beware!! Pension fraud continues to rise

Since the introduction of pension freedoms in April 2015, fraud related crime generated through pension scams has steadily been on the incre

Will you get the full amount of the new State Pension?

Pension reforms in April 2016 introduced the new State Pension. The maximum entitlement is currently £159.55 a week. Government rules state

Why the general election might impact how the State Pension increases

As we approach the general election, State Pension provision and in particular how it increases each year, is a topic for political debate,

Snap general election halts decision to reduce MPAA

Following the recent announcement by the Government to call a snap general election in June, the Government has proposed a number of changes

TPAS goes digital in the fight against pension scams

The Pensions Advisory Service (TPAS) launched an online tool earlier this year that provides support and guidance to pension savers who may

Could more people be affected by the rise in the State Pension Age?

The State Pension Age (SPA) is the earliest age an individual can elect to claim their State Pension. Under current plans the SPA is due to

Treasury rules out changes to UK pension taxation process any time soon.

After much speculation, the pensions industry welcomed the news that the Treasury would not be looking to implement ‘significant changes’ to

Opportunity to apply for the government's State Pension top up scheme closes on 5 April 2017.

If you reached your State Pension age before 6 April 2016 then you only have until midnight on 5 April 2017 to take advantage of the State P

Budget 2017: HMRC introduces a tax charge on QROPS transfers

The Chancellor in his recent budget on 9 March 2017, announced that HM Revenue & Customs (HMRC) will introduce a 25% tax charge on Quali

The deadline for Individual Protection 2014 approaches

If you are considering applying for Individual Protection 2014 (IP 2014), the deadline to submit your application is midnight on 5 April 201

How to protect yourself from pension scams

Taking simple steps to protect yourself from pension scams, is the best way to protect your pension scheme assets. Following a few simple su

How the Government is planning on tackling pension scams

Last year, In the Chancellor’s Autumn Budget, Philip Hammond announced he wanted to take positive action to prevent pension scams.  In the c