In his Autumn Statement Chancellor George Osborne unveiled a host of measures for the pensions industry, but the cut to the annual and lifetime allowance will have the most immediate impact for trustees and employers.
Despite vigorous industry opposition to any changes, the Chancellor revealed the annual allowance will be reduced to £40,000 and the lifetime allowance will be cut to £1.25m from 2014/15. Trustees,...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.