Our Pension Administration Technical Help highlights pensions news and legislation that has particular interest to what we do in Pension Administration.
From 6 April 2015 individuals have greater flexibility over how they can access their DC pension arrangements. Individuals are now able to take all of their pension savings as a lump sum, draw them down gradually over time or buy an annuity (or a combination of these).
Our most recent quarterly newsletter on current and topical pensions issues includes Budget 2015, DB to DC transfers and pension freedoms, VAT on pension costs and an auto-enrolment update.
The adverse impact of smoking on life expectancy has been widely-recognised for many years. Our analysis suggests that around 20% of the observed improvements in UK mortality in recent decades can be attributed to reductions in smoking.