Andrew Tully

Tax policy changes likely in first Labour budget

Defined benefit transfers and annuity sales have fallen, FCA finds

Important differences from previous regime

Platform wants independent long-term savings commission

April 6 sees biggest changes to the pension tax rules in a decade

‘It is about empowerment, engagement and education’

The regulator and HM Treasury set three proposals as part of major review

‘Whilst it is important, confidence on its own isn’t enough’

Those without a detailed retirement plan have the lowest confidence

Confidence to reduce due to ‘dwindling numbers’ of DB arrangements