Hargreaves Lansdown

Government proposals to prevent the transfer of contracted-out benefits from final salary to money purchase schemes would be "contradictory, retrograde and unnecessary", Hargreaves Lansdown says.

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

Savers are facing a rare conundrum about whether to lock into a lifetime annuity amid unprecedented economic uncertainty, Hargreaves Lansdown says.

Tom McPhail has written to financial secretary to the Treasury Mark Hoban in an attempt to put the "final nail in the coffin" of insurers' resistance to reform of the Open Market Option.

Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.

Stephen Lansdown has taken a step back from the management of Hargreaves Lansdown by resigning as executive director to pursue other interests.

Proposals by the government to abolish contracting out in final salary schemes could hit millions of members, who will have to pay more in National Insurance, industry experts say.

Abolishing contracting out for final salary schemes could eventually lead to a higher universal state pension, an analyst says.

The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.

UK - The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.