Retirement

HM Revenue and Customs have left open a loophole allowing the possibility of people with a deferred pension to take two lots of tax-free cash.

The minister for pensions reform has hit back at critics of the proposed personal accounts by suggesting claims of mis-selling are "scaremongering".

The Pension Protection Fund has updated its investment strategy to include the use of derivatives.

The Pensions Regulator has warned companies against trying to abandon their pension scheme liabilities.

Unless the current "messy and inadequate" state pension system is sorted out, the proposed pension reforms will not get anywhere, claims the former chief executive of the National Association of Pension Funds.

Deregulation of pensions legislation will not significantly improve the pensions landscape, claims Lord Turner.

Action to settle whether scheme pension payments are subject to inheritance tax could be included in the pre-Budget Report.

Draft amendments to how the age discrimination regulations affect pensions are being released this week for further informal consultation.

The number of people entering income drawdown on nil income could be using the opportunity to take tax-free cash before it is abolished.

Well it seems that Alternatively Secured Pensions (ASP) are beginning to surface again, as the industry continues to struggle with unclear legislation and conflicting opinions.