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The pension rules that cost you

The government wants intelligent regulations. It would do better to simplify them

By Robin Ellison  


If you are wondering why you struggle to understand your pension documents, it is not your fault. There are now over 200,000 pages of pensions regulation of one sort or another—and more on its way now that the Pension Schemes Act 2021 has passed. And the rules insist that the scheme has to dump usually impenetrable paper on you.

Shred the paper—what really is going on in the pensions world? If you made it alive through the pandemic, your pensions, whether organised through your insurer, your employer or your self-invested personal pension, might be in reasonable shape. First—and…

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