Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.
Among the government's proposed reforms for annuities is a 55% tax on undrawn pension funds at death. In its response to the Treasury consultation on the proposals, which closes today, Hargreaves Lansdown...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.