News

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).

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

The Office for National Statistics (ONS) has updated the basket of goods used to calculate inflation to include e-cigarettes, craft beer and subscriptions to music streaming service Spotify.