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, ...

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 ...

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 ...

Money Saving Expert explains how taking money from your pension incorrectly could see you pay hundreds extra in tax ...

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 ...

Talking Head: Pension freedoms are now open for business, and in the last week of March 2015 the National Association of Pension Funds surveyed savers aged 55-70 to see what they plan to do with their ...