Retirement

The third and final report from the Pensions Commission has received a muted response from both the government and the insurance industry.

The Department for Work and Pensions has developed proposals for a private sector alternative to the National Pension Savings Scheme (NPSS) which is said to be modelled on those presented by the Association of British Insurers.

Alternative models to a National Pensions Savings Scheme (NPSS) have not convinced the Pensions Commission they would deliver a set of benefits which would justify the extra cost.

A National Pensions Savings Scheme (NPSS) is needed to help young people save for retirement, claims the Trades Union Congress (TUC).

Her Majesty's Revenue and Customs have published draft Finance Bill provisions to clarify how Inheritance Tax (IHT) will apply to pensions.

The Pension Protection Fund (PPF) fails those it was designed to help most and does not provide the safety net it claims to, an occupational pensions specialist has claimed.

The proportion of private sector employers which offer some kind of pension provision to employees has declined since 2003, according to research published by the Department for Work and Pensions (DWP).

A survey of the UK annuity market published by the Department of Work and Pensions (DWP) has highlighted potential risks for the insurance industry in dealing with longevity risk and long-term debt shortages.

The National Association of Pension Funds (NAPF) has expressed concern about the way draft guidance on employer contributions to registered pension schemes could affect members of defined benefit (DB) multi-employer schemes.

Her Majesty's Revenue and Customs (HMRC) have added unquoted shares to the list of items subjected to tax charges if held within Self-Invested Personal Pensions (Sipps), claims A J Bell Group.