pension reform

The Commons Public Accounts Committee has questioned the validity of Treasury cost projections for public sector scheme changes, saying it did not fully test the impact of its assumptions.

With radical pension change less than a year away, Julian Webb, head of platform sales and DC business at Fidelity International, looks at the implications for advisers.

The Treasury will not allow the Department for Work and Pensions (DWP) to alter the proposals for raising the state pension age (SPA), a pensions lawyer said.

Michael Johnson has reignited calls for limiting pensions tax relief, saying the annual £29bn saved by the Treasury from tax relief could increase the state pension by 60%.

The government this week passed legislation which officially ended contracting out of defined contribution (DC) pension schemes from April 2012.

The DWP has launched one last consultation on auto-enrolment before the pensions bill becomes law.

Pensions minister Steve Webb said the proposals to change the state pension age will be reconsidered.

Labour and a growing proportion of Liberal Democrat MPs plan to mount an assault on the acceleration of the state pension age (SPA), Rachel Reeves, shadow pensions minister says.

Pressure is building on the coalition government to slow the rate of acceleration of the state pension age (SPA) for women.

The Treasury will not use tax incentives to encourage more workplace saving for retirement, Tom McPhail, head of pensions research at Hargeaves Lansdown said.