Retirement

The Government will simplify the calculation on standard tax-free lump sum entitlements, which will benefit the 16 million active and deferred members of private sector defined benefit schemes.

The HMRC has closed a loophole which allowed consumers to pass pension funds on tax-free at death.

HM Revenue and Customs will clarify whether tax legislation allows pension schemes to offer an annuity under an open market option (OMO) without having to provide a pension themselves, according to the Pre-Budget Report (PBR).

The FSA will clamp down on poor providers who delay in transferring open market option (OMO) funds, according to the Outcome of the Review of the Operation of the OMO released with the Pre-Budget Report(PBR).

Some SIPP providers are failing investors by flooding the specialist products with their own funds - rendering them little more than insured personal pensions.

IFAs with clients retiring after 2010 cannot use the DWP's pension forecasting service until 2008.

It's part of human nature to think that you are the only one going through an experience.

The Government has appointed Tim Jones as chief executive of the Personal Accounts Delivery Authority.

The Government could sustain defined benefit (DB) schemes by deregulation and less intervention, says the National Association of Pension Funds (NAPF).

Changes in defined benefit (DB) pension provision could open opportunities for investment managers, according to Threadneedle.