Pensioners who take the open market option (OMO) are around 50 times as likely to benefit from an enhanced annuity as those sticking with their pension provider, ABI figures have revealed.
Alistair Darling's raid on bank bonuses will drive away the cream of the UK's banking talent, says director of Applewood Wealth Management, Karl Hartey.
In a document released on its website only a few hours before the Chancellor's Pre-Budget Report, the Office for National Statistics laid out the definitive cost taxpayers will have to bear for both the state old age pension and public sector pensions....
Further Government restrictions on higher-rate tax relief risk damaging long-term savings, insurers argue.
The Government's announcement it is to examine wider solutions to the issue of IHT avoidance through trusts has been described as an ‘ominous statement' by Standard Life head of estate planning Julie Hutchison.
Salary sacrifice schemes are likely to increase in popularity following increases to National Insurance, according to Standard Life.
Schroders' Richard Buxton believes the chances of a UK sovereign credit rating downgrade has increased following today's Pre-Budget Report.
Schroders European economist Azad Zangana believes the measures proposed by Chancellor Alistair Darling in the Pre-Budget Report will do little to bring public finances back under control.
Chancellor Alistair Darling has announced £20m in funding for the national roll-out of the Money Guidance scheme.
The Government's increase in taxation is a "complete distortion", Liberal Democrat Treasury spokesman Vince Cable says.