Retirement

Defined contribution (DC) pension scheme members could be missing out on up to 70% additional retirement income because of inefficiently run schemes, according to a survey.

Like many people I have just got back from a couple of weeks holiday.

HM Revenue and Customs has created new draft regulations to extend protection for people with tax-free cash entitlements of more than 25% of their fund.

Just over three quarters of potential UK investors (18.75 million) are not benefiting from tax relief on a personal pension which could boost their savings by £5.5bn per annum.

Industry experts fear salary sacrifice schemes could be scrapped as ministers try to bolster national insurance revenue, reports IFAonline's sister title Professional Pensions .

The new rules brought in from A-Day now allow most savers to invest 100% of their earnings into a pension plan and make it possible for them to claim tax relief on the whole amount.

The number of female resignations in the pensions sector has risen almost 3% since last year, according to research by the Chartered Management Institute and Remuneration Economics.

The number of SIPPs sold directly is rising meaning more consumers are making pension decisions without the help of an adviser, warns SIPP provider James Hay.

Paul Wilcox, chairman of WAY Group and IHT planner, says the Government is unlikely to change its IHT policy for baby boomers.

Advisers believe the retirement income market needs product innovation to increase new business levels, research from Lincoln Financial suggests.