LCP

‘Little understood’ system

4% withdrawal rule of thumb

Follows DWP letter

High valuations but low take-up rates

Pensions schemes will face significant additional working costs reaching into the millions of pounds to prepare their data for the pensions dashboard, according to Lane Clark & Peacock (LCP).

HMRC refutes claim

Six month delay

Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.