Law and Regulation

HM Treasury is set to change tax rules in a bid to help providers develop new retirement income products that better meet the evolving needs of members.

Trustees will be allowed to override scheme rules to follow tax rules in order to ensure individuals have flexible access to their savings.

The government is set to restrict pensions tax relief for the over 55s in a bid to stop the "exploitation" of new tax freedoms.

Helen Morrissey looks at the implications of the Treasury announcement on transfers

A High Court judge has overturned a decision by the Pensions Ombudsman (PO) to deny a prison officer in the Principal Civil Service Pension Scheme (PCSPS) retirement at age 55 on full benefits.

Revealed: The 11 standards retirement 'guidance' providers must meet

The Financial Conduct Authority (FCA) has launched a consultation into the parts of the guidance guarantee for which it will be responsible.

Members of private sector defined benefit schemes will be able to transfer to a defined contribution arrangement according to a written Ministerial Statement published ahead of the Budget consultation response.

Savers are to receive free independent guidance from the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) when given unfettered access to their pension pots from next year, the government has said.

Here they are. 11 examples of how HMRC's transitional guidance will affect members.