Aj Bell
Treasury rejects tax relief reform citing 'significant impact' on schemes
The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".
MPs call for abolition of LISA just 16 months after launch
The Treasury Committee has called upon the government to abolish the lifetime ISA (LISA) just 16 months after it was first made available, after receiving persistently negative feedback on the product.
Cold-calling ban consultation 'imminent', Treasury says
A consultation on a cold-calling ban will be published "imminently", the government has said as it laid out plans for the policy.
Pension transfers hit record £10.6bn in first quarter
Pension transfers increased to a record £10.6bn in the first quarter of this year, Office for National Statistics data reveals.
TPR to boost staff by 12% for more visible and forceful action
The Pensions Regulator has suffered what some critics call an 'annus horribilis'. James Phillips looks at how the watchdog has responded in its latest corporate plan.
£17.5bn pension freedom figure 'fails to reflect big picture'
HMRC figures published on Friday suggest almost £17.5bn has been flexibly withdrawn since the inception of pension freedoms, but that figure is not reflective of 'the bigger picture', according to one industry expert.
New retirees overly-pessimistic about life expectancy
Soon-to-be and recent retirees significantly underestimate their longevity, expecting a lower chance of survival to old age compared to official estimates, according to the Institute for Fiscal Studies (IFS).
How wide is the gender pay gap in pensions firms?
Investment and law firms have the highest median gender hourly gender pay gaps out of nearly 100 pension-related firms reporting, James Phillips writes.
Three years on: Over-55s encouraged to save more by pension freedoms
Around one in ten (11%) workers aged over 55 say pension freedoms have encouraged them to save more since the rules came into effect in April 2015, Prudential has found.
GKN proposes to pay £160m into pension schemes as part of demerger plans
GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.
UK inflation 'peaks' as sterling hits post-Brexit high
CPI drops to 3%
State pension coffers 'empty' by 2033 without govt support
GAD report paints 'grim picture'
Cold-calling ban must be in place by June, committee demands
The Work and Pensions Committee (WPC) has said a cold-calling ban could be in place by summer if the government heeds its suggestions.
Scottish pension savers face tax relief 'chaos'
Proposed changes to Scottish income tax bands could see savers receiving too little tax relief, commentators have warned.
HMRC repays £37m for overtaxed flexible pension payments in Q3
HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.
Freedoms payouts total £1.6bn in Q3 as probe hears evidence
Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.
Hammond poised to implement 'nightmare' policy in budget, AJ Bell warns
To promote intergenerational fairness
HMRC returns £27m of overpaid tax to pension freedom users
More than 10,000 counts of tax overpayment relating to pension freedoms have led to a £26.8m bill for HM Revenue & Customs (HMRC), latest data has revealed.
Pension freedom withdrawals hit record £1.8bn in Q2
A total of £12.7bn has been withdrawn from pensions since Freedom and Choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics.
Plans to raise state pension age to 68 by 2039 heralded by industry
Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.
Labour's pension plans receive nervous response from industry
The industry has reacted with concern after Labour revealed its plans to increase income tax, maintain the state pension age at 66, and impose new taxes on investments.
'Shadow of Philip Green looms' as TPR issues dividend warning
The Pensions Regulator (TPR) has warned sponsors against prioritising dividend payments over contributions where there is a significant scheme deficit.
Pension freedom withdrawals cut through £10bn barrier
Average amount accessed per person continues to fall
Snap election pressure bites as Treasury scraps MPAA cut
A controversial decision to slash the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 will be scrapped as the Treasury seeks to trim the Finance Bill.
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