Retirement

The ability to take tax-free cash should be prohibited in personal accounts, as this would cut the cost of tax relief and help subsidise the scheme, claims First Actuarial.

An annual management charge of 0.5% on personal accounts could produce borrowing costs of up to £4.5bn and could take almost 30 years to repay, warns the Pensions Policy Institute (PPI).

ADVISERS can double their very wealthy clients' annual allowance on their pension contributions before April 5, according to the PAL Partnership.

Employers should be given the opportunity to opt-out of auto-enrolment if their current scheme has membership take-up equal to personal accounts, says Legal & General.

The government has an "overriding moral responsibility" to make sure personal accounts are suitable for everyone if it continues with the idea of auto-enrolment, says Legal & General.

Mark Twain once remarked ‘reports of my death are greatly exaggerated' upon hearing that his obituary had been published in the New York Journal.

The Department for Work and Pensions has confirmed it is to appeal against the verdict of the Judicial Review which found the government guilty of providing misleading information on the security of occupational pensions.

Government should offer employers providing good existing pension schemes access to a £2bn incentive fund to stop schemes from levelling down, says the National Association of Pension Funds.

It's fair to say that I've spent more time behind my desk recently than I usually do. That's sometimes not a bad thing - especially for the IFAs and journalists fed up with listening to me going on and on about Liverpool beating Barcelona…

POST A-day funding rules have given the tax-year end a new significance when advising on pensions, according to Skandia.