Retirement

A parliamentary select committee has called for government and regulators to make the Open Market Option ‘mandatory' at annuity purchase.

Pension providers who automatically increase clients' drawdown income to 120% GAD could push clients into a higher tax bracket warns Hornbuckle Mitchell.

The issue of the frozen state pension for retirees who move abroad will be debated following a campaign by an expat group.

The over-55s are most at risk from the interest-only mortgage time-bomb, according to equity release specialists.

The Public Interest Unit of the Insolvency Service is looking into the administration of the sales arm of Harlequin Property, IFAonline understands.

Representatives for the Treasury and The Pensions Regulator have cast doubts on the suitability of a single workplace pension scheme regulator.

RUN THE RULE

Bringing forward the end of pension scheme contracting-out by 12 months was not motivated by the expected £5.5bn bump to government coffers, economic secretary to the Treasury Sajid Javid has said.

Zurich has launched an auto-enrolment default investment fund in conjunction with Schroders after the recent launch of its own defined contribution master trust.

More families than ever are seeking advice on cutting their inheritance tax (IHT) bills as increasing numbers are falling into the tax net.