Retirement

The government has announced it will introduce legislation in the Finance Bill 2011 to reduce the annual allowance from £255,000 to £50,000 and the lifetime allowance from £1.8m to £1.5m.

The government will issue a call for evidence on early access to pension funds later this month, Mark Hoban has announced.

An industry-wide consultation on the RPI to CPI switch for pension schemes will be published tomorrow, Steve Webb says.

Individuals transferring from defined benefit (DB) to defined contribution (DC)schemes could be expected to sign a statement acknowledging the potential change it may cause to their benefits.

Individuals who exceed the annual allowance may be allowed to meet the tax charges from their pension benefits, a Treasury consultation paper says.

More than half of the working population would save more into a pension if legislation did not act as a barrier, according to research from MetLife.

Alan Easter, strategy, product and development director at Honister Capital, has called on advisers to rally around AIFA during the transition to RDR and ignore those who make vocal exits from the trade body.

Skandia has called on HMRC to clarify whether pre-A-Day tax free cash will be protected when the new lifetime allowance (LTA) on pension contributions comes into effect in April 2012.

With the change from RPI to CPI indexation, Graeme Troy takes a look at what this means for pensions

IFAs need to talk about pensions to make them more attractive, writes Phil Clarke, technical services manager at Rowanmoor Pensions.