The government is pressing ahead with controversial plans to reduce the money purchase annual allowance (MPAA) from £10,000 to £4,000, according to Spring Budget documents.
The cut, which will come into force on 20 March, was first proposed by the chancellor in last year's Autumn statement, and was heavily criticised during the consultation that ended in mid-February. ...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).