Retirement

'It's the only thing I'm nervous about': What IFAs think of the Budget pension changes

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

No one will have to buy an annuity, the Chancellor of the Exchequer has decreed.

The amount of money that can be put in to Junior ISA and a Child Trust Fund has been raised to £4,000 in today's Budget.

The reduction of the withdrawal tax rate from 55% to an individual's marginal income tax rate will increase tax income by £1.2bn a year by 2019, Budget documents show.

Pensioners will be able to buy bonds from the government with ‘market leading rates' to a maximum investment of £10,000, the chancellor has announced.

Hargreaves Lansdown's shares rose on news the government is set to increase the personal ISA allowance to £15,000, whilst life company stocks tumbled, after chancellor George Osborne unveiled the latest Budget.

Everything advisers need to know about Budget 2014's 'wow' pension changes

Everything you need to know about Osborne's pensions revolution

In the wake of the FCA review the ABI has put forward its recommendations for how the retirement income market needs to evolve. Helen Morrissey takes a look.