It's not even at the end of January yet, and instead of easing us back into things at a nice easy pace the government is cracking the whip on pensions.
Over the last week we’ve had the second reading of the Pensions Bill dealing with the State reforms, a decision on the best way to calculate pension transfer values, and the start of an institutional review for authorities regulating pensions. This is without mentioning the ongoing issues of Alternatively Secured Pensions (ASP) and the decision by the government to bring the issue of removing restrictions on protected rights into a review of the annuity market’s Open Market Option (OMO). And to top it all the Department for Work and Pensions (DWP) and HM Treasury made a joint announceme...
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