Law and Regulation

Trustees need to set clear investment objectives with their managers to ensure the contract works in their favour, Natasha Browne finds

The International Accounting Standards Board (IASB) has published a consultation on proposed narrow-scope amendments to its pension accounting requirements.

Frank Field has been elected as chairman of the House of Commons Work and Pensions Committee.

Chancellor George Osborne's commitment to austerity might force him to break his promise on the triple lock for state pensions. Michael Klimes finds out why

The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.

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.

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

The Chancellor has told the House of Commons that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.

Defined contribution (DC) members using the new pension flexibilities may find their savings are hit by inheritance tax (IHT) because of a "legislative error", Linklaters has warned.