Pension providers to give stronger nudge to guidance
The Financial Conduct Authority has confirmed final rules which will require pension providers to give a ‘stronger nudge’ to Pension Wise guidance.
Source: moneymarketing.co.uk
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Pension savers will be given stronger nudge towards taking guidance
Providers will be required to refer customers who decide to access savings to the guidance and in most cases offer to book a Pension Wise appointment.
Source: aol.co.uk
State pension triple lock revolt in House of Lords is likely to be reversed
Under the triple lock, state pension increases by the highest of price inflation, average earnings growth or 2.5%. The decision to ditch it, if only temporarily, has angered many.
Source: dailymail.co.uk
State pension triple lock revolt in House of Lords is likely to be reversed
Under the triple lock, state pension increases by the highest of price inflation, average earnings growth or 2.5%. The decision to ditch it, if only temporarily, has angered many.
Source: thisismoney.co.uk
Government closes pension switching window
The government has closed the window of time during which people can join a scheme that offers a protected pension age of 55.
Source: professionalpensions.com