Category: Women
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There’s a current mismatch between policy, practice and how pension outcomes are determined. New State Pension entitlement is built from individual NI records and, in most cases, people can’t build entitlement from a spouse as under the previous system. Workplace pensions have shifted. In DB, dependent support is often built in, but in DC, outcomes…
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The FCA is proposing to replace the existing pension projections framework for interactive digital tools, which was designed for static illustrations, with a new regime intended to support more flexible and personalised modelling. The aim is to allow providers to reflect different contribution patterns, retirement ages and ways of taking income, rather than presenting a…
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I was speaking at FT Adviser’s Financial Advice Forum event yesterday and I was asked about what the SPa review may yield. It got me thinking about the stagnation in life expectancy increases. In 2020/22 life expectancy projections were around the same level they were at in 2010–2012 for females, and slightly lower for males,…
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The state pension underpayment scandal, which has already affected over 130,000 people and could ultimately involve up to 400,000, would not have come to light without the persistence of former Pensions Minister, Sir Steve Webb. His work, supported by campaigners and advisers, has pushed the Government to acknowledge systemic failings and compensate many of those…