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Pension news

Independent Governance Committee for workplace pension schemes annual report

The Independent Governance Committee (“The Committee”) for Phoenix’s contract based Workplace Pension Schemes today issued its second annual report, which explains the work The Committee has undertaken on behalf of the scheme members.

31 March 2017
Changes to early exit charges on pensions

Phoenix have today (31 March 2017) introduced a cap on early exit charges for personal pensions, including workplace pensions. This means early exit charges for existing customers aged 55 and over will be capped at 1% and 0% for new contracts.

31 March 2017
Phoenix launches compulsory comparison service to help customers select better annuity deals

Phoenix today announced that customers who wish to annuitise and do not have a guarantee with their pension policy will be required to shop around and obtain comparison quotes through Phoenix’s annuity partner, Just Retirement Solutions (JRS), before making a decision.

22 February 2017
New information on overseas pension schemes

As advised in HM Revenue & Customs (HMRC) Pension Schemes newsletter 82, a new overseas pension schemes page has been created on the gov.uk website to make it easier for customers to find the information they need.

06 January 2017
If you have made contributions to a pension scheme in the 2015/2016 tax year, you will need to read this important reminder


04 January 2017

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