I am due to claim my state pension in 2024 and have never stated I intend to take an annuity. My fund is only valued at around £53k and I have already decided that I intend to withdraw my pension.
Monday, March 1, 2021
In the final part of our predictions for 2021 for the UK insolvency market we look at pensions, the National Security and Investment Bill and cross border matters.
The first and second part of this series of blogs is available here (part 1) and here (part 2).
Pension Schemes Act 2021 – caution for insolvency professionals
The Pensions Schemes Act made it into the legislative books recently having been on the watch list for some time. Why is this of concern to those involved in restructuring? Because it carries (or will do) criminal liability and civil fines of up to £1million. Our previous blog explains how the legislation captures not just culpable directors but those typically involved in a restructuring including IPs, advisors and distressed lenders.
The pandemic has created an army of six million accidental savers - those who have boosted their savings during the pandemic without actively choosing to do so.
One of lockdown s accidental savers? Put your windfall here dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.