News

The government is set to make the guidance guarantee service Pension wise available to all over-50s, documents from the summer Budget showed.

A list of the key pension announcements in the summer Budget

Art of Pensions, the annual competition run by electronic information service provider Pendragon, is now open for entries.

The government has introduced an income tax exemption for financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

Legal & General Investment Management (LGIM) has appointed professor Paul Sweeting to the new role of head of research within its solutions group.

Xafinity has appointed Jonathan Bernstein to its senior management team as part of plans to further strengthen its pensions actuarial and consulting business.

Budget documents have confirmed the lifetime allowance is to be indexed annually in line with the consumer prices index (CPI) from 6 April 2018.

The 2015-16 tax year will be split into two mini tax years for the purposes of the annual allowance as part of transitional rules aligning pension input periods with the tax year, the government has announced.

The pensions industry breathed a collective sigh of relief as the government said it would not introduce a secondary annuities market until 2017.

The government has announced plans to work with the local government pension scheme (LGPS) to pool investments with the aim of significantly reducing costs.