DB pensions
Over a million pensions face 55% tax timebomb
Drastic cuts to the UK’s lifetime allowance are driving people unknowingly over their tax-free limit
Significant shift in UK’s pension landscape
Retirement industry has undergone drastic change since 2013
Have UK pension freedoms passed their peak?
Transfers dropped 20% in the last quarter of 2018
Pension advisers involved in over half of transfer scams
In 49% of cases members not aware of advice given, fees or transfer schemes
Best Practice | 12 Feb 19
UK to introduce collective DC pension schemes
Some organisations have already started working with the government to roll out CDCs