News

The government has admitted it is possible no secondary market for annuities will develop if buyers were unable to price the risk of such purchases correctly.

Survivors' pensions will no longer be axed once a widow or widower of a deceased member of a public service pension scheme finds a new partner, according to the Budget 2015.

The government should look into the glaring inequality in the tax system that favours defined benefit (DB) pension schemes over defined contribution (DC), Alan Higham has said.

The government is introducing an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes.

Chancellor George Osborne has launched a consultation on extending pensions freedoms to pensioners who have already bought annuities.

Ultra low emission vehicles could see their tax increase more slowly from 2019-20, according to the Budget.

Chancellor George Osborne has announced four "major new steps" in the government's plan to overhaul pensions and savings.

An additional £19.5m will be provided in 2015-16 to support pensions freedoms and Pension wise service as part of today's Budget announcements.

Chancellor George Osborne has confirmed the lifetime allowance will be reduced from £1.25m to £1m, netting the Treasury an extra £600m a year.

The burden on companies of plugging defined benefit (DB) pension scheme deficits may be hurting business investment, according to the Bank of England (BoE).