The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to Lane Clark & Peacock (LCP).
The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.
Tax relief on pension contributions is not an effective way of incentivising saving and the government may wish to consider fundamental reform, the Treasury Committee says.
The Conservative Party has abandoned dropping the triple lock on the state pension in order to secure a confidence and supply deal with the Democratic Unionist Party (DUP).
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.
PP research shows government polies on triple lock and state pension age review are most likely to fall away.
This week we want to know which single Conservative policy on pensions is most at threat from the result of the election.
The UK has awoken to shock news that the Conservative Party has failed to secure an overall majority, leaving the future government hanging somewhat in the balance.
The Scottish National Party (SNP) has promised to put pressure on the next government to extend automatic enrolment (AE) to the self-employed and low paid.
The industry believes the Conservative proposals for pensions are the best approach, with some stating the commitment to ditch the triple lock is a 'bold but correct' move.
The Conservative Party's plan to replace the state pension triple lock with a double lock has provoked mixed responses.
The Conservative Party has unveiled its manifesto for the General Election 2017. Here are the pension pledges in full...
Quantum Advisory's Stuart Price has criticised suggestions that the richest 5% to 10% of retirees should be cut off from the state pension.
The Liberal Democrats have pledged to continue the triple lock protection for the state pension if they win the general election.
The Trades Union Congress (TUC) has called for the triple lock on the state pension to be maintained by whoever wins the general election.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
The Conservative Party is considering retaining the triple lock protection for the state pension, according to reports.
Failing to commit to retaining the triple lock could cost the Conservative Party more than a third of votes from people aged 55 and over, a survey has revealed.
This week's top stories include speculation about what the snap general election may mean for pensions, and Bernard Matthews' owners accused by MPs of throwing out a deal to save the DB scheme for their own benefit.
PP research shows state pension triple lock is most likely to be affected.
The upcoming general election is an opportunity to put forward a bolder pension policy says Hilary Salt.
Theresa May's surprise announcement to hold a general election on 8 June has thrown into doubt the future of the state pension triple lock and qualifying age.
The state pension triple lock is too expensive to keep long term according to Pensions Buzz respondents.