Defined contribution (DC) members using the pension flexibilities may find their savings are hit by inheritance tax (IHT) because of a "legislative error".
Chancellor George Osborne revealed that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.
Nearly half of UK law firms (45%) plan to offer paid-for financial guidance to employees in response to the pension freedoms with more than half (56%) of US/Global colleagues following suit.
Northgate staff have saved more than £6,500 through the firm's discount platform in the first month.
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Nearly half of UK law firms (45%) plan to offer paid-for financial guidance to employees in response to the pension freedoms with more than half (56%) of US/Global colleagues following suit.
The government has warned pension providers it is their responsibility to deliver the options promised by the ‘freedom and choice' reforms.
The vast majority of senior managers support flexible working with the practice also becoming more common.
Steve Webb has warned that the Conservative government may target the £15bn salary sacrifice bill in its July emergency Budget.
An industry-wide defined contribution (DC) scheme for maritime employers and employees will provide full access to the pension flexibilities.