HM Revenue and Customs have issued revised rules on stand-alone pension lump sums in an effort to ‘plug various loopholes'.
Now the Finance Act 2006 has received Royal Assent, advisers should embrace the new legislation which has created "significant business opportunities".
With Parliament about to debate rules governing real estate investment trusts (Reits) as part of the Finance Act 2006, F&C has issued a call to include further rule changes to ensure a wider spread of Reit vehicles.
Around 90% of pension schemes say the changes to the Pensions Act 2004 and the Finance Act 2004 have not improved the take-up of the scheme or simplified the administration, according to research from Capita Hartshead.
Around 1000 people are so far intending to take the Chartered Insurance Institute's new pensions simplification update course just one month after its launch.
Clerical Medical has launched a website specifically for IFAs offering advice and guidance on pre-A-Day issues.