Pension tax relief, tax-free lump sums and the annual allowance remained unchanged in the Budget, much to the relief of the pensions industry.
However, a number of legislative confirmations and cracks downs which didn't make it into George Osborne's speech were confirmed in supporting policy documents. • Qualifying Recognised Overseas Pension...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.