Industry

The default retirement age of 65 will be "quickly" phased out following a government consultation, the Budget reveals.

Employer Financed Retirement Benefits Schemes do fall under government anti-forestalling legislation, the Budget confirmed.

The government's decision to calculate public sector pension liabilities using Consumer Price Inflation rather than Retail Price Inflation will hit lower earners hardest, a consultant warns.

The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.

Sterling has strengthened against the US dollar and euro on the back of today's emergency Budget, while gilts have also bounced.

The UK's planned gilt sales in 2010/11 have been revised down by £20.2bn to £165bn due to the Government's debt reduction programme outlined in the Budget.

Employer tax rate cuts will help offset auto-enrolment pension costs, Hargreaves Lansdown says.

Chancellor George Osborne today lowered the UK's economic growth forecast for the next five years.

The Pensions Advisory Service has made five volunteer advisers ‘Fellows of TPAS' in recognition of their service to the organisation.

George Osborne has been urged to abandon planned cuts to pension tax relief for higher earners in his emergency Budget today.