Aj Bell
Snap election puts triple lock, state pension age, and tax relief 'up for grabs'
Theresa May's surprise announcement to hold a general election on 8 June has thrown into doubt the future of the state pension triple lock and qualifying age.
Tens of thousands losing out in overpaid pension freedoms tax
Emergency tax codes for one-off withdrawals under Freedom and Choice are leaving savers significantly overpaying on their tax bills, when in many cases they should pay no tax at all.
Government 'putting barriers in the way' to advice for LISA savers
The government has been urged to allow Lifetime ISA (LISA) savers to use their pots to pay for financial advice, putting the product on par with pensions and other ISAs.
Dashboard one step closer to launch as ABI unveils prototype
A prototype of the pensions dashboard has been demonstrated to government ministers on time, the Association of British Insurers (ABI) has announced.
Cridland calls for triple lock abolishment; State pension age could hit 70 by 2057
The government should scrap the state pension 'triple lock' and replace it with an earnings link, according to John Cridland's long-anticipated review.
No raid on pensions 'piggy bank' soon, government confirms
The government has confirmed that "now is not the right time" to undertake significant reform of pensions tax policy, such as moving to a flat rate of tax relief.
Treasury rejects criticism of MPAA cut
The Treasury has rejected calls to change its mind on a planned cut to the money purchase annual allowance (MPAA) due to take effect next month.
DWP refrains from 'unleashing monster' NEST into drawdown market
The National Employment Savings Trust (NEST) will not expand its decumulation offering to enter the drawdown market, the Department for Work and Pensions (DWP) has confirmed.
Plans to slash MPAA condemned as 'further damaging trust' in pensions
Pension professionals have reacted with outrage to Treasury plans to cut the money purchase annual allowance (MPAA) from £10,000 to £4,000 from April.
Treasury triples pension advice allowance to £1,500
The Treasury has announced that from April savers will be given tax-free early access to their retirement pots in order to pay for advice.
FCA to force annuity providers to encourage customers to shop around
'Annuity comparator' tool to be established
M&S faces £127m 'sting in the tail' charge following DB closure
Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.
158,000 take cash from pensions in Q3
More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.
Pension fraud losses 25% higher than original estimates
The amount of savings lost to pension fraudsters in the wake of Freedom and Choice is £2.7m higher than previously thought, new data reveals.
'Pension pain' avoided as court rules retirement funds protected in bankruptcy
Savers will not be forced to fork out their retirement savings to pay outstanding debts if they have to declare bankruptcy, the Court of Appeal has ruled.
Will we see income drawdown reform?
Helen Morrissey examines the pressure on the government to tackle drawdown
Hoban rejects calls to increase pension drawdown limits
Financial secretary to the Treasury Mark Hoban has rejected AJ Bell's call to increase the limits on income drawdown.
Providers push Treasury to simplify pension/ISA transfers
Providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.
Annuity rates hit by US and euro crises
Annuity rates could hit their lowest point for two years as the sovereign debt crises hits gilt yields.
Providers expect govt review of RPI-linked MIR ban
The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement, specialist providers say.
Early pension access could lead to 55% death tax
Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.
Warning for value guaranteed annuities after rule change
Prudential deputy chief executive Barry O'Dwyer has welcomed the Treasury's new draft rules for retirement options, but warns there may be problems ahead for value guaranteed annuities.
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