Budget 2015
HMRC launches consultation into salary sacrifice reform
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.
Cost of public service pensions to rise annually by £3bn
Maintaining public sector pensions will cost £3bn more each year with employer contributions expected to rise according to KPMG.
Employers still not reviewing pensions following April freedoms
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.
HMRC says £3.5bn taken since freedoms but Q4 shows signs of slowing
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 appoints LGPS investment head
Hymans Robertson has appointed David Walker as head of Local Government Pension Scheme (LGPS) investments and William Marshall as head of LGPS investment clients.
Tax changes make companies consider closing DB schemes
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.
A year of change: 2015 continued the pensions revolution
The last 12 months could set the scene for more upheaval
Should we have a flat rate of tax relief?
As the government consultation into pensions tax relief closes Helen Morrissey looks at whether moving to a flat rate of tax relief would work.
Webinar: What Pension Input Period changes mean for schemes
PP is holding a live webinar on 29 July
What do PIP changes mean for schemes?
HMRC has announced transitional arrangements to align pension input periods with tax years
Summer Budget: Pension wise extended to over-50s
The government is set to make the guidance guarantee service Pension wise available to all over-50s, documents from the summer Budget showed.
Summer Budget: The announcements in full
A list of the key pension announcements in the summer Budget
Summer Budget: Lifetime allowance to be increased in line with CPI
Budget documents have confirmed the lifetime allowance is to be indexed annually in line with the consumer prices index (CPI) from 6 April 2018.
Summer Budget: Government eyes scrapping tax relief on pension contributions - UPDATE 3
The government has launched a broad-ranging consultation reviewing pensions tax relief, Chancellor George Osborne has announced.
MorganAsh reveals secondary annuity market bureau plans
Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.
Government makes AE exception for workers with tax protected pots
Eligible jobholders with tax protected pension savings are no longer required to be automatically enrolled (AE) under government amendments to draft legislation.
HM Treasury: 'No plans' in place to change how DB schemes are valued for LTA purposes
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.
Britain 'walking tall', but pension savers short-changed again
The cut in the lifetime allowance will hit more than just high earners, says Nick Griggs
Is your pension scheme prepared for 6 April?
Natasha Browne looks at how schemes should prioritise the main reforms coming into effect on 6 April
Industry says ten years of PPF and TPR have made pensions safer
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 freedom to cash in annuities is a choice too far
The TUC’s Tim Sharp says choice is not always a good thing
Stop tax changes at Autumn Statements, says Webb
Chancellors should stop introducing tax changes in Autumn Statements in order to ensure a simpler, more effective tax code, according to Steve Webb.
Second hand annuity market will not deliver value
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.
Politics and pensions - a toxic mix we may have to live with
Malcolm McLean says the Budget shows short-term politics trump long-term concerns