Chancellor George Osborne has cut the annual allowance to £40,000 and reduced the lifetime allowance to £1.25m as part of a drive to raise more tax revenue from the rich.
In his Autumn Statement, Osborne said he would reduce the annual allowance from £50,000 to £40,000 and cut the liftetime allowance from £1.5m to £1.25m from 2014/15. The Chancellor said the cut to...
The requirement to equalise guaranteed minimum pensions (GMPs) may never come to fruition under Brexit but schemes should not be complacent, according to Geraldine Brassett.
Pension experts have blasted auto-enrolment (AE) as “a glorified ISA” and "pointless scheme", warning savers will not get a decent retirement pot.
The pensions minister has said investing in growth boosting and social projects could be part of a solution for deficit-ridden schemes struggling with falling gilt yields.
The Labour party will work to ensure the fallout from Brexit does not undermine the sustainability of the UK’s economy and pensions system according to Angela Rayner.