Retirement

A new joint initiative has been set up to encourage improved standards for occupational pensions schemes.

HM Revenue & Customs has set October 1st as the deadline for tightening up its handling of the so-called 30/70 split rule relating to recovery of "input tax" by employers providing funded pension schemes.

The HM Revenue & Customs has announced a change to the way commencement lump sums will be calculated following A-Day.

Half of UK companies with a turnover exceeding £1m are not yet prepared for pensions simplification, new research indicates.

An actuarial consultancy warns companies could end up having to fork out £1.5bn to support the Pension Protection Fund (PPF), more than five times more than government's original estimates.

In light of calls for a pensions reform and the ongoing debate, the Pensions Policy Institute (PPI) has questioned the merits of a modernised contributory state pension against a universal pension based on citizenship.

The confusion and uncertainty around the UK pensions system, will continue for at least five more years, despite government efforts at simplification, the head of pensions strategy at Scottish Life claims.

The pension deficits of FTSE 100 firms declined by nearly £12b during July, the biggest reduction since October 2003, says Watson Wyatt.

While nine out of ten advisers believe Section 32 is the best way for the majority clients to protect their tax free cash entitlement leading up to A-Day, research shows no further activity in the market, says Scottish Equitable.

A leading economist has hit out at the Turner Commission for wrongly focussing on a so-called ‘pensions saving' as the most relevant to the standard of life during retirement.