Government sets £25bn minimum for pensions ‘megafunds’
Any schemes that fall short will have to merge, with ministers claiming bigger funds could add £6,000 to the average pension at retirement.
AJ Bell completes pensions dashboard connection
Rachel Vahey said: “We still have a long way to go in the pensions dashboard journey, but it’s a prize worth pursuing."
Pensioner numbers set to surge, raising financial pressures on UK workforce
The number of pensioners in the UK is set to grow by 14% over the next decade, according to ONS projections, placing significant strain on public finances and highlighting the need for urgent discussions about pension sustainability.
Advisers face surge in pension queries as clients anticipate Budget changes – AJ Bell
AJ Bell found that almost all advisers reported clients approaching them with questions about potential changes.
Pre-Budget speculation “chips away at people’s confidence in pensions” – AJ Bell
Michael Summersgill urged the Chancellor to use her first Budget to commit to long-term stability in the pension tax system.
