What the ONS stats tell us about workplace pensions
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Defined Contribution
Flat rate relief could see high earners £85k worse off
Untouched pension wealth surges to £291bn
Govt u-turns on fees disclosure in 2-page pension statements
Industry in favour of giving trustees power to stop transfers
CDC pensions '70% higher' than traditional DC
Advised drawdown falls to lowest rate
Govt launches working group to tackle small pots issue
Smaller schemes told to prove value or face winding up
Call for end of flat fees in workplace pensions
Providers maintain pension switching times despite lockdown
Govt outlines solutions for pensions net pay anomaly
TPR touts tougher DB approach and shrinking DC universe
Beware unauthorised pension payments
CPD
Approx.30min