Page 38 - Jon Greer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Critics who had demanded action welcomed the announcement in the Autumn Budget, though one said it was 'a shame' the move would not happen sooner.

But this is ‘no excuse’ for the chancellor to raid it in the upcoming budget

The cost of pensions tax relief has increased by more than £4bn to £41.3bn, according to HM Revenue and Customs (HMRC).

FCA wants providers to do more than just signpost Pension Wise guidance Requiring pension providers to give consumers a stronger push towards guidance is a “plan set up to fail”, according to Stephen Lowe, group communications director at retirement specialist Just Group. His comment follows an FCA proposal to make firms “nudge” consumers towards Pension Wise, a free and impartial government service that helps people understand the options for their pension pots. What are the changes? Currently, pension providers are required to signpost consumers to the service and encourage them to ...

Industry lambasts normal minimum pensions age change as final consultation closes Quilter head of retirement policy Jon Greer. The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow. Under plans outlined by the Treasury in February, savers will have to be 57 to access their retirement funds from 2028 - two years later than the current eligible age. In laying down the proposal, the Treasury said it needed to better reflect "increases in longevity and changing expect...