Framework designed to shift focus from costs to long-term value and deliver better outcomes
Pensions Bill inclusion was welcomed by industry commentators
New legislation announced after 2024 state opening of parliament
Two-fifths of members were provided with fully paid-for advice
XPS finds transfer activity levels have hit record lows
Part of party’s plans to ‘reinvigorate’ UK’s capital markets
Total amount of overpaid tax paid out since 2015 is approaching £1.2bn
XPS finds transfer activity hit record lows despite recovering transfer values
Regulator ‘disappointed’ as PCS union members begin fresh strike today
Transfer values dipped below £150,000 due to an increase in gilt yields