News

The government will auction fewer index-linked gilts (ILGs) in 2014/15 as the total value of gilts issued is set to fall from £153.4bn to £128.4bn.

The reduction of the withdrawal tax rate from 55% to an individual's marginal income tax rate will increase tax income by £1.2bn a year by 2019, Budget documents show.

Life insurers and specialist annuity providers saw share values fall after Chancellor George Osborne unveiled reforms to income drawdown.

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.