News

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

Company car tax rates will rise for vehicles emitting more than 75 grammes of carbon dioxide per kilometre (gCO2/km), Chancellor George Osborne has announced.

Pension schemes and providers will be given a duty to ensure defined contribution (DC) retirees get guidance on decumulation by April 2015.

The government is set to scrap restrictions on how people take pensions income as part of a radical overhaul of tax relief.

The annual personal tax allowance will be increased from £10,000 to £10,500, says Chancellor George Osborne.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.

The Pensions Regulator's (TPR) search for a new chief executive to take up the role vacated by Bill Galvin last June continues, a spokeswoman has confirmed.

Medically underwritten annuity specialist Partnership wrote £84m in bulk annuity business in 2013 according to the company's annual results.

Bank of England (BoE) governor Mark Carney has warned the 2% target for inflation has become a "dangerous distraction" for the UK's policymakers.

Pensions minister Steve Webb has led a House of Commons defeat of a "deeply flawed" opposition amendment on charges in the Pensions Bill.