Marc Hommel

Chris Panteli looks at issues around the use of contingent assets

European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry warns.

Reducing the annual allowance to as little £30,000 could affect thousands of additional pension savers, consultants and advisers say.

The default retirement age of 65 will be "quickly" phased out following a government consultation, the Budget reveals.

The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.

Almost every defined benefit plan in the UK has plans to reduce or axe current provisions in the future, a PricewaterhouseCoopers survey reveals.

UK - Almost every defined benefit plan in the UK has plans to reduce or axe current provisions in the future, a PricewaterhouseCoopers survey revealed.

Seven-out-of-10 employers believe reducing pensions tax relief for higher earners will jeopardise pensions for the wider UK workforce, PricewaterhouseCoopers says.