Investment

Fiona Murphy gathers industry reaction about the pension changes laid out in the Autumn Statement

STATE PENSION

Scottish Life's Lorna Blyth on designing a default fund fit for the auto-enrolment world

The chancellor's move to cut pension tax relief from £50,000 a year to £40,000 sends a confusing message to pension savers, commentators have said.

The Chancellor has announced cuts to pensions tax relief from 2014/15, meaning individuals will only be able to put away £40,000 annually free of tax.

AT A GLANCE

The Pensions Regulator (TPR) has forbidden auto-enrolment into small defined contribution (DC) and high-charging legacy schemes.

Mike Morrison takes a look at the retirement landscape and asks how has it really changed over recent years?

Further changes to the tax relief available on pensions - as has been predicted ahead of the Chancellor's Autumn Statement this week - may destroy public faith in saving for retirement, according to financial services consultants Punter Southall.

A group of thirty international pension experts has challenged the Pensions Policy Institute's (PPI's) claim that planned reforms will significantly reduce the gap between public and private sector pensions.