Treasury

Pension wise statistics will be updated on a monthly basis by the government according to the Treasury's economic secretary Harriett Baldwin.

The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.

The Treasury has still not changed the law to set in stone that drawdown funds are not subject to inheritance tax (IHT), despite telling PP five months ago that it would.

Compulsory training and more time off are the best ways make sure all member-nominated trustees have the knowledge required to do the job, say PP readers.

Rachel Reeves, the former shadow secretary of state for work and pensions has been appointed to the Treasury select committee.

Flat-relief welcomed, EET to TEE rejected

Six in ten people criticised the observation from the Financial Conduct Authority (FCA) that people with more money in their pots would fall victim to pension liberation more often.

Some 147,000 over-55s would face charges of more than 5% if they transferred their pot to take advantage of retirement flexibilities introduced in April, according to the Financial Conduct Authority (FCA).

The Tax Incentivised Savings Association (TISA) has urged the government to make the tax treatment of pensions more progressive as one of several measures to encourage people to save.

The Department for Work and Pensions (DWP) will take responsibility for Pension wise within the financial year, the work and pensions select committee has been told.