News

The government has announced it will introduce legislation in the Finance Bill 2011 to reduce the annual allowance from £255,000 to £50,000 and the lifetime allowance from £1.8m to £1.5m.

UK - Lord Myners has branded advice to increase scheme fixed income allocations as "nonsense" and warned the bond market is an "enormous bubble which will burst".

The government has today published details of the changes it intends to introduce to remove the effective requirement to annuities by age 75 from 6 April 2011.

Henderson Global Investors plans to merge its £3.3bn Liquid Assets Fund into the money market fund range of DB Advisors over regulatory concerns.

UK - Henderson Global Investors plans to merge its £3.3bn ($5.2bn) Liquid Assets Fund into the money market fund range of DB Advisors over regulatory concerns.

A new industry body has been created to set the standards for independent financial advisers working on member transfer incentive exercises.

Society's view of retirement will significantly shift when the government abolishes the default retirement age in April next year, Aviva predicts.

The Department for Education Northern Ireland has launched a proprietary administration system tailored to the needs of the NI Teachers' Pension scheme.

The first two monetary penalties imposed for breaching the Data Protection Act 1998 should provide a wake-up call for pension schemes, industry experts say.

The future of enhanced transfer value exercises has been secured after the government abandoned plans to ban transfers from contracted out defined benefit schemes.