Savers are far more inclined to leave their cash in a pension if they understand the tax consequences of taking it all in one go, research has found.
Many trust-based DC pension schemes already offer more than the ‘guidance guarantee' to their members and are worried about being forced to ‘dumb down' standards, according to the National Association of Pension Funds (NAPF).
Pension schemes are being left in limbo after major Budget changes come into effect yesterday - but without the necessary supporting regulations.
Retirees should have access to "specialist basic advice", not unregulated guidance, independent consultant Ros Altmann says.
Jonathan Stapleton asks if the Budget reforms will improve retirement outcomes
Jack Jones wonders if the Chancellor knocked the wind out of the pensions minister's sails
Naomi Rainey examines the potential impact of the government’s defined contribution revolution on defined benefit schemes
The Budget ushered in massive changes in the retirement income space. Helen Morrissey asks what this means for the industry
Here are the key measures announced by Chancellor George Osborne in yesterday's Budget that will impact employers and benefits professionals.
Chancellor George Osborne used today's Budget to radically overhaul the retirement income market.