Law and Regulation

The big news in UK pensions this week was the Budget. If you've managed to avoid hearing about it, or were just waiting for PP's edited highlights, here's what you might have missed.

Just three out of ten pension professionals support plans to let pensioners cash in their annuities according to research by PP.

Robin Ellison says regulators are good at grandstanding but bad at protecting savers

The Financial Services Compensation Scheme has slapped a £20m interim levy on life and pensions intermediaries as it deals with "bad" self-invested personal pension (SIPP) advice.

DB members get far more pension for their tax than DC members

The next government could save £835m in 2016-17 from pension changes announced in today's Budget according to HM Treasury.

The government has admitted it is possible no secondary market for annuities will develop if buyers were unable to price the risk of such purchases correctly.

Survivors' pensions will no longer be axed once a widow or widower of a deceased member of a public service pension scheme finds a new partner, according to the Budget 2015.

The government is introducing an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes.

Chancellor George Osborne has launched a consultation on extending pensions freedoms to pensioners who have already bought annuities.