Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

If you're heading towards retirement, you may be thinking about how best to access your pension pot. Regardless of the type of pension you are savings into, pension drawdown offers one option for ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

Section 273B of the Finance Act 2004 was introduced as part of the “pension flexibilities” changes and came into force at the end of December 2014. It gives defined contribution schemes’ trustees and ...

New research from Wesleyan reveals that nine out of ten financial advisers have witnessed clients speeding up their pension withdrawals. Financial advisers are reporting a surge in clients ...