Law and Regulation

Chancellor George Osborne has announced four "major new steps" in the government's plan to overhaul pensions and savings.

Chancellor George Osborne has confirmed the lifetime allowance will be reduced from £1.25m to £1m, netting the Treasury an extra £600m a year.

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

What will the be the major developments for pensions?

The Pension Liberation Industry Group has published a code of good practice for combating pension scams to help trustees dealing with suspicious transfer requests.

Plans to allow pensioners to sell their annuities for cash must be considered carefully to prevent rip-offs and poor deals, industry participants have warned.

PP looks at what the three main parties say about pensions

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

EU Commissioner Lord Jonathan Hill has given reassurance that he will have the last say over controversial EU proposals on scheme funding.

Pensioners who cash in annuities after two or three years could lose half their pot in fees