Workplace pensions, childcare and cycle to work schemes have been left out of plans to reform salary sacrifice, according to a recently published HMRC consultation.
Maintaining public sector pensions will cost £3bn more each year with employer contributions expected to rise according to KPMG.
Just 13% of employers have reviewed their pension offerings since the April freedoms as most companies are still struggling to understand the implications, according to research.
Statistics from HM Revenue and Customs (HMRC) have revealed 188,000 people have accessed around £3.5bn since freedom and choice came into effect last April but figures tailed off at the end of 2015.
Hymans Robertson has appointed David Walker as head of Local Government Pension Scheme (LGPS) investments and William Marshall as head of LGPS investment clients.
Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.
The last 12 months could set the scene for more upheaval
As the government consultation into pensions tax relief closes Helen Morrissey looks at whether moving to a flat rate of tax relief would work.
PP is holding a live webinar on 29 July
HMRC has announced transitional arrangements to align pension input periods with tax years
The government is set to make the guidance guarantee service Pension wise available to all over-50s, documents from the summer Budget showed.
A list of the key pension announcements in the summer Budget
Budget documents have confirmed the lifetime allowance is to be indexed annually in line with the consumer prices index (CPI) from 6 April 2018.
The government has launched a broad-ranging consultation reviewing pensions tax relief, Chancellor George Osborne has announced.
Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.
Eligible jobholders with tax protected pension savings are no longer required to be automatically enrolled (AE) under government amendments to draft legislation.
HM Treasury has "no plans" to changes the valuation factor currently used to test DB benefits against the lifetime allowance despite growing calls for a review, PP reveals.
The cut in the lifetime allowance will hit more than just high earners, says Nick Griggs
Natasha Browne looks at how schemes should prioritise the main reforms coming into effect on 6 April
The majority of the industry believes the regulatory regime introduced ten years ago has made pensions more secure, according to the research from PP.
The TUC’s Tim Sharp says choice is not always a good thing
Chancellors should stop introducing tax changes in Autumn Statements in order to ensure a simpler, more effective tax code, according to Steve Webb.
So Budget day was another busy day for the PP team with further cuts to the lifetime allowance and plans for a secondary annuity market unveiled.
Malcolm McLean says the Budget shows short-term politics trump long-term concerns