The Budget has increased the lifetime allowance by £50,000 to £1.65m and lifted the annual scheme allowance by £10,000 to £235,000.
Chancellor Alastair Darling scrapped the 10pc starting rate of tax for pensions and earned income; reduced the basic rate of income tax by two percentage points to 20pc; and increased the ceiling for paying...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.