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.
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.
This week's top stories include coverage of the Spring Budget, where the chancellor confirmed the money purchase annual allowance will fall to £4,000.
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.
Master trusts will face a new tax registration process aimed at boosting savers' protection and aligning it with the incoming authorisation process.
Budget 2017: HM Treasury reports £1.7bn windfall as pension flexibilities raising more cash than expected
The government has said pensions flexibilities have raised £1.7bn more than expected so far as individuals are withdrawing more cash than previously thought.
Ahead of tomorrow's Budget, PP looks at what the industry would like to see.
This week's Budget is tipped to be more restrained around pension policy compared to previous ones.