Fidelity

DB members get far more pension for their tax than DC members

The government should look into the glaring inequality in the tax system that favours defined benefit (DB) pension schemes over defined contribution (DC), Alan Higham has said.

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.

People retiring after April do not understand the tax implications of ‘freedom and choice' with one in ten believing they can access their whole pot tax-free, research finds.

Fidelity has extended its defined contribution (DC) platform to give customers access to incoming retirement flexibilities but warned that operational capability alone will not ensure the policy is successful.

There are still too many people in financial services who think they can "keep their customers where they want them" by quietly carrying on with old-style practices, Pensions minister Steve Webb has said.

Retirees are at risk of cashing out their private pension savings under the misunderstanding they will receive the full flat rate state pension.

Natasha Browne gets industry reaction to Steve Webb’s plans to roll out freedom and choice to annuitants.

The European Central Bank is being urged to undertake full-blown QE this month following worse than expected deflation in the eurozone, writes Stephanie Baxter.

Pensions minister Steve Webb's bid to allow annuitants to sell their contracts in exchange for cash has been rejected by industry figures.