HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners' pension contributions it is introducing from 2011, Towers Watson says.

UK - HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners' pension contributions it is introducing from 2011, Towers Watson said.

The expected charging structure for the National Employment Savings Trust has received a mixed reaction.

The Budget was a bit of a mixed-bag when it came to personal finance. ISA limits were increased - surely a good thing - but pensions tax relief restrictions were retained in their current complex form, additional complexity that could well deter people...

Here it is. A full summary of the government's decisions on pensions tax relief restrictions:

"Mr Deputy Speaker, this Budget takes place as the UK economy is emerging from the deepest global recession for over 60 years...

The government has rejected industry pleas to change the way it will implement pensions tax relief restrictions.

UK - The UK government is looking into scrapping the compulsory retirement age, Chancellor of the Exchequer Alistair Darling said.

The government is looking into scrapping the compulsory retirement age, Alistair Darling says.

Alistair Darling delivers his third Budget today and you can follow all the developments on pensions as they happen right here on www.professionalpensions.com from midday.