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The latest debate on annuities

Colin Batchelor looks at the issues surrounding proposals to amend the annual allowance

The Pensions Policy Institute (PPI) has warned the government's plan to abolish the need to annuitise by age 75 brings risks as well as flexibility for pensioners.

Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the ONS.

With the government's review of workplace pension reform, including auto-enrolment and NEST, due to report back within weeks, speculation is rife on what shape the Coalition's solution to the UK's retirement savings gap will take.

Lord Ashcroft transferred his £17m stake of his main UK company Impellam Group to a trust for his children on 5 April this year to avoid new tax rules.

Standard Life has developed its active money SIPP with a new investment team to assist high net worth clients and an enhanced property service.

The RDR poses a threat to the stream of communication between IFAs, small business owners and their employees on pension schemes, an employee benefits consultant warns.

Many SIPPs recommended by IFAs to clients are not true SIPPs, George Ladds, head of investment and pension research at Fair Investment Company claims.

Almost three-quarters of pensioners with pots of less than £40,000 do not use the open market option, according to research from Partnership.