Retirement

While the government does its best to decide whether it is ‘naïve or misleading', as suggested in the Public Administration Select Committee's report, the question outstanding is how will this affect personal accounts?

Some life offices are attempting to provide clients with a way of 'having their cake and eating it' when it comes to taking tax-free cash.

Pensions reporting under International Financial Reporting Standards should be explained more simply with more disclosure of the uncertainties around accounting estimates.

Companies in the FTSE 100 are on track to clear their pension deficits by 2012, claims Lane Clark & Peacock.

Employers plan to take advice from IFAs as well as the government and industry bodies when implementing new personal accounts.

A misunderstanding of the way tax free cash can be taken from a pension could cost customers a tax charge of up to 70%.

HM Revenue and Customs seems to be allowing pension scheme administrators to use their own judgement when applying certain tax charges.

Despite charging almost £200,000 for collecting levies, the Pensions Regulator has so far only managed to retrieve 83% of its mandate.

Paternoster, the latest entrant to the bulk annuity market, has joined forces with Jardine Lloyd Thompson Benefit Solutions.

HM Revenue and Customs has confirmed people can split pension transfers and still keep enhanced protection.