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, ...

Pensions tax is never simple, and the legislation abolishing the lifetime allowance (LTA) on 6 April 2024 (“L-Day”) bears this out. Regulations issued mid-March correct some, but by no means all, of ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

The pension flexibilities introduced in April are having a dramatic impact on the behaviour of retirees. Many people are already opting to take greater control of their retirement finances by choosing ...

New research from Wesleyan reveals that nine out of ten financial advisers have witnessed clients speeding up their pension withdrawals. Financial advisers are reporting a surge in clients ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

In our weekly series, readers can email any question about their finances, to be answered by our expert, Rosie Hooper. Rosie is a chartered financial planner at Quilter Cheviot Financial Planning and ...

According to official figures, nearly 90% of eligible UK employees, about 20.4 million people, have access to a workplace ...

HMRC have confirmed changes to the minimum age Brits can access their pensions. The new proposals addressed in the official pension scheme newsletter reveal the new rules and when they will come into ...

Recent headlines have highlighted fears that up to 15 million people in the UK aren’t saving enough for their retirement… | ...