Retirement

HM Revenue and Customs will be issuing updated guidance for local tax inspectors on the rules regarding employer contributions to pensions over the next few weeks.

I like working in pensions. This completely amazes people who are not connected with the industry, but it's true. Part of what I like is that things are constantly changing and there's always something different to talk about.

Axa has become the second life company to offer members financial education in partnership with Life Academy.

The Association of British Insurers is urging the government to drop the idea of a specific price for personal accounts, calling the idea ‘economically unfeasible'.

Larger pension schemes, particularly those with defined benefits, have better governance than smaller schemes with less access to trustee training.

Rowanmoor Pensions, the result of a management buyout of part of James Hay, is planning its future starting with a series of IFA roadshows over the next few months.

Despite a fall in the number of complaints received, the Pensions Ombudsman warns even if no more are made, IT problems mean it would still take a year to clear the backlog.

Life offices may have succeeded in finding a way around a potential 70% tax charge for members who want to transfer their pensions after taking tax-free cash.

A hybrid scheme which might include financial advice has been put forward by Fidelity International as an alternative to the government's proposed personal accounts.

More than 70% of consumers believe they will need advice on whether to opt-in or out of the new personal accounts.