Industry

This week’s top stories include the outcome of the Queen’s Speech, and HM Revenue and Customs calculation that pensions tax relief will cost the government £40bn this year.

With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.

This week's edition of Professional Pensions is out now.

The retirement living standards must be widely adopted by schemes to help millions of savers truly understand how to achieve the retirement lifestyle they desire, says Nigel Peaple.

Redington managing director Marian Elliott picked up the Adviser of the Year award at PP’s Women in Pensions Awards. She talks to Holly Roach about her success.

The Pensions and Lifetime Savings Association (PLSA) will play a more proactive role in bringing people together and act as captain of the industry, its chief executive Julian Mund has said.

The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.

Schemes with poor record keeping should be handed harsher punishments, say the majority of this week’s 83 Pensions Buzz respondents.

The buyout deficit of FTSE 350 pension schemes has reduced by £2.5bn since the introduction of Freedom and Choice due to an increased number of transfer exercises, Barnett Waddingham has found.