Regulation round-up: Pensions taxation, guidance guarantee and party conferences

First up, the Taxation of Pensions Bill, which has begun its passage through Parliament. The Bill legislates for Treasury proposals, made earlier this year, to give people greater freedom with their pension pots. From next April, pensioners and individuals approaching retirement will be able to take a series of lump sums, rather than being forced to buy another financial product after a single drawdown. These will be known as uncrystallised funds pension lump sums (UFPLS). A quarter of each payment will be tax-free and the other 75% taxed at their marginal rate. However, where individ...