Chancellor George Osborne has confirmed the lifetime allowance will be reduced from £1.25m to £1m, netting the Treasury an extra £600m a year.
This comes after Labour leader Ed Miliband revealed his party would cut the lifetime and annual allowances in an effort to reduce university tuition fees if it wins the general election. But industry...
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.