coalition government

Proposed annuity reform will have a big impact on how people take their retirement income. Ken Wrench looks at the possible impact on the QROPS market.

The advent of the Coalition government has certainly ushered in frantic times for the pensions industry.

Independent pension policy adviser Ros Altmann is urging the Government to overhaul and simplify the system of basic state pensions and pensioners' benefits.

Deputy Prime Minister Nick Clegg has attacked banks' failure to offer affordable loans to small businesses, labelling it "one of the greatest restraints on recovery for the UK economy".

ABI acting director general Maggie Craig says the Government must rethink the way it calculates employer contributions to NEST.