News

Massive increase in tax charges from those exceeding the Annual and Lifetime Allowances

Recent figures published by Her Majesty’s Revenue & Customs (HMRC) have shown that the level of money paid in tax charges by individuals exceeding either the Annual or Lifetime Allowances have signifi ... Read More

Your online annual Benefit Statement for Active members

Your 2018 Annual Benefit Statement is now available for you to view online via the secure area of this website. ... Read More

Three pension updates from the Budget 2018

The Chancellor, Philip Hammond, delivered his Budget speech on 29 October. Outlined below are some important pension updates included in the Budget. The Pension Dashboard Philip Hamm ... Read More

The Pensions Dashboard – an update on progress

In the 2016 Budget, the Government announced its intention to launch a Pensions Dashboard. The aim of the Dashboard is to allow individuals to view all their pension savings in one place, allowing the ... Read More

Over 55s are spending more time planning for a new car than preparing for retirement

In a recent study conducted by Legal & General of more than 2,000 members over age 55, around one third spend less than a week making decisions regarding their pension income arrangements. Whereas, 40 ... Read More

Pension transfers decrease in the second quarter

For the first time since the beginning of 2017, the funds transferred out of occupational pension schemes has decreased. Data from the Office for National Statistics (ONS) shows individuals tr ... Read More