Defined Contribution

With the Treasury set to consult on a charge cap to tackle excessive early exit fees, industry figures warn it will not work because it overlooks the real problem, writes Stephanie Baxter

We are half way through auto-enrolment but Duncan Howorth believes challenges remain.

In this week's Pension Buzz an overwhelming number of 115 respondents said providers should not be made to offer the full range of freedom and choice.

HM Revenue and Customs (HMRC) will shortly issue guidance to clarify that drawdown funds will not be subject to inheritance tax (IHT) charges after lawyers raised concerns.

The Treasury's action on punitive exit charges has been welcomed but there are concerns that clamping down too much on fees could be detrimental for savers.

Figures show the decline of final salary is accelerating

The Treasury will consider imposing a charge cap for when people access their pension freedoms in a consultation to be launched next month.

AE has been a success but five million will miss out

As the freedom and choice reforms kick in it is more likely retirees will opt to remain invested in the markets rather than purchasing an annuity. The challenge for the industry is how to provide such products that provide sustainable income through retirement...

The master trust LifeSight has appointed PwC as its auditor after a tender involving four other firms.