State pension

Jonathan Stapleton considers how the Budget will affect pensions

Pensions minister Steve Webb has said the abolition of contracting out, brought forward to 2016, does not mean defined ambition proposals must be finished earlier.

The industry has called on pensions minister Steve Webb to publish guidance on defined ambition schemes as the abolition of contracting out has been moved from 2017 to 2016.

The government will implement the single tier state pension a year earlier than planned in 2016, Chancellor George Osborne has confirmed.

As speculation over the budget intensifies, PP brings you the latest hints, tips and rumours.

Steve Webb has confirmed the government will bring forward the start date for the single-tier state pension to 2016, with a £5.5bn windfall for the Treasury from the early abolition of contracting out.

The Chancellor's plans to bring forward the implementation of the single tier state pension from 2017 to 2016 will accelerate the decline of defined benefit schemes, experts warn.

Unions have attacked government plans to allow employers to change scheme rules without trustee consent.

The rise of the state pension age for women improved public finances to the tune of £2.1bn as employment rates for both women and men increased, research from the Institute for Fiscal Studies has found.

With Budget 2013 just around the corner, Barnett Waddingham consultant Malcolm McLean lists the top ten announcements he would like to see.