News articles
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ABI responds to Small Pots Working Group report
17/12/2020
The Association of British Insurers responds to DWP's Small Pots Working Group report. The report gives recommendations to tackle the growth of deferred members with small pension pots in the Automatic Enrolment workplace pensions market.
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Big jump in pension savers accessing pots after pressing pause in the first lockdown
18/11/2020
Latest figures on pension withdrawals in August and September increased dramatically after many pension savers pressed paused at the start of the first lockdown. However, the number of withdrawals still do not match 2019 levels.
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ABI calls for financial advice and guidance overhaul as polling reveals 72% of people will not pay for advice
18/11/2020
The ABI is calling for a fundamental rethink of how financial advice and guidance operate. It comes as nearly three-quarters (72%) of people say they will not pay for financial advice.
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DWP publish nudge to guidance next steps alongside research on pensions attitudes
29/10/2020
The Department for Work and Pensions has announced that they plan to steer people towards taking Pension Wise guidance when they seek to access their pension and published research by NatCen Social Research that explores attitudes of people who have accessed Defined Contribution pension pots.
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ABI responds to The Pension Regulator’s guidance for trustees considering transferring to a superfund
21/10/2020
Today The Pensions Regulator has released guidance for Defined Benefit (DB) Trustees considering transferring their schemes to a DB superfund.
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ABI comments on government plans for simpler annual statements for workplace pensions
17/10/2020
The Association of British Insurers comment on government plans to condense workplace pension annual statements to a maximum two pages.
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£19.4 billion of pension pots unclaimed – just because of house moves
05/05/2020
Only 1 in 25 people consider telling their pension provider when they move home. Notifying your bank is viewed as essential but pension providers are often forgotten about. Research commissioned by…
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Commenting on the publication of the Money and Pensions Service: Pensions Dashboards Programme update
08/04/2020
"This long-awaited progress update on the Pensions Dashboards Programme is a welcome development...
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Scale of pensions blind spot exposed 1 in 5 people do not access information about their pension
27/02/2020
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Five years on - reforms are needed to ensure the success of the pension freedoms revolution
25/02/2020
‘Cash today, poverty tomorrow’ must be avoided, as large withdrawals from pension pots could mean later life hardship for many. A ‘Black hole’ on guidance and advice needs to…
