Tom McPhail

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.

How pensions saving is moving to fraternalism

Employers are entering a period of "fraternalism" with their scheme members, delegates heard.

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.

The Pension Income Choice Association has further expanded its management board with the appointment of Fidelity Investment Manager's UK managing director, Gary Shaughnessy.

HM Treasury will announce new pension taxation rules including the cap on the annual allowance tomorrow.

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.

The consultation to end compulsory annuitisation should lead to increased flexibility for retirees. Helen Morrissey asks if this is the case