Industry

The government is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.

As the Chancellor puts the finishing touches to the Budget, the PP team looks at what the industry would like to happen

The University of Westminster is launching a three-year study of the changes individuals experience during the retirement transition and early stages of retirement.

This week, Buzz respondents said low interest rates have been damaging to both defined benefit (DB) and defined contribution (DC) savers.

Trinity Mirror's pension liabilities rose by £12.5m last year as a result of a fall in the real discount rate from 1.7% to 1.05%, its annual statement showed.

This week, respondents said consultants should be required to disclose sales targets.

The majority of respondents believe member-nominated trustees (MNTs) should be elected by scheme memberships rather than selected by trustee boards.

Almost three quarters of Buzz respondents want consultants with sales targets to have to disclose potential conflicts to clients.

Premier Foods will reduce cash payments to its pension schemes by £161m over the next six years as part of a capital restructuring programme, it confirmed today.