Patrick Heath Lay News Today

The Pensions Regulator (TPR) has published its corporate plan, setting out its key priorities for 2024 to 2027.

Last week my attention was immediately drawn to a news alert from this publication that the ‘Industry calls for ban on pension switching incentives’.

Offers of cash incentives make people ignore the fine print and switch their pension to a worse option, latest research from People’s Partnership and the Behavioural Insights Team (BIT) shows.

Savers often stack up a lot of retirement pots during their working lives. It is sometimes, but not always, beneficial to merge them. Find out what to check here...

Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey for People's Partnership, which provides the People's Pension

Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds.

The People’s Pension has become the first independent master trust in the UK to reach £25bn in assets under management (AUM) today.

When the chancellor told parliament in November that he would consult on the idea to allow defined contribution savers to have one pot for life, it signalled the start of an intense industry-wide debate.

The People’s Pension says it has given back a total of £50m to its members over the past four years through its annual management charge (AMC) rebate structure.

This week’s moves include those at People’s Partnership, LGIM, USS, and First Actuarial, among others.