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Budget 2014

Income

Govt sets aside post-lump sum annuity purchase timeframe rule

People who have already taken their tax-free lump sum will be given more time to decide what they want to do with the rest after the government scrapped the rule forcing action to be taken within six months.

clock 27 March 2014 •

Income

Will annuities go the way of the dinosaur?

Will annuities go the way of the dinosaur?

clock 27 March 2014 •

Regulation

Altmann calls for 'specialist' at-retirement advice as Budget changes kick in

Pensions expert Ros Altmann has called for retirees to have access to "specialist basic advice", not unregulated guidance, as several of the pension changes announced at Budget 2014 come into force.

clock 27 March 2014 •

Income

L&G predicts annuity sales to shrink by 75%

Legal & General, one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

clock 26 March 2014 •

Pensions

Off to see the wizard: Dennis Hall says Osborne's pension changes are smoke and mirrors

Off to see the wizard: Dennis Hall says Osborne's pension revolution is smoke and mirrors

clock 24 March 2014 •

Pensions

Labour backs 'radical' pension reforms but demands more detail

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

clock 24 March 2014 •

Offshore Investment

Budget pension changes pose tax traps for expats

UK expats are being urged to consider potential tax traps following the Chancellors radical announcement to give savers in UK defined contribution (DC) pension total freedom on how they access their pension pots.

clock 21 March 2014 •

Regulation

Partnership extends annuity guarantee and cooling off periods in response to Budget

Annuity provider Partnership has extended its annuity guarantee and cooling-off periods in response to Wednesday's Budget, which announced sweeping reforms for the annuity market.

clock 21 March 2014 •

Pensions

I predict a U-turn: Dennis Hall on Osborne's pensions 'false largesse'

I don’t think I’m speaking out of turn when I say this government is wilfully playing fast and loose with people’s futures.

clock 21 March 2014 •

Regulation

IFP: Chancellor's 'right to advice' pledge may spark mis-selling

The Institute of Financial Planning (IFP) has warned the Chancellor's right to advice at retirement promise, announced in the Budget, could inadvertently spark a wave of mis-selling.

clock 21 March 2014 •
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