Retirement

The Treasury is exploring the idea of capping tax-free ISA allowances to crack down on 'ISA millionaires', while investigating plans to reduce the amount retirees can take as a tax-free lump sum.

The country's current pension system sees workers enrolled into "risky and inflexible" funds and must be modernised to ensure millions of people are not failed, according to Ros Altmann.

The Department for Work and Pensions (DWP) has focused hard on promoting a positive image auto-enrolment (AE).

The Department for Work and Pensions (DWP) has amended regulations to provide alternative pay period definitions for assessing jobholder status and scheme quality.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.

The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.

MoretoSIPPs principal John Moret says the FCA places "unreasonable" responsibilities on SIPP providers when many of the issues the industry faces are advice based.

Rowanmoor Group is urging small businesses to check its auto-enrolment staging dates and payroll due to its dealings with a former public sector SME which feared unexpected fines.

Putting multiple pensions into a single pot could leave you better off in retirement.

Fancy spending your twilight years away from the UK? David Fuller of currency exchange specialist Halo Financial shares five tips to consider before emigrating.