Canada Life
HMRC pays back record £166m in pension freedoms tax
‘Whole system is complex and there is a clear need to review how it works’
Pension freedoms hit £35bn mark on fifth anniversary
‘People have been attracted by the ability to use their pensions like cash machines’
Life insurer expands investment opportunities for DFMs
They will be able to create bespoke portfolios and reduce expenses
Should inheritance tax be deferred?
With many people falling victim to covid-19, any sort of relief could ease financial struggles
Most over-55s in UK will not touch private pension in 2020
Current economic climate has ‘put the brakes on any plans’ to dip into retirement pots