pensions

HM Revenue & Customs is warning advisers they will be writing to around one million pensioners to remind them of the intended changes to the way Retirement Annuity Contracts will be taxed.

High net worth clients thinking about transferring pension funds when emigrating to Australia need to take action before the end of June, warns Standard Life.

The government will cap the taxpayer's liability for civil service pensions should increases in life expectancy exceed expectations, Pat McFadden, the Cabinet Office minister responsible for the civil service, said yesterday, reports the Financial Times...

It's the same every year. The frantic build-up. The hive of activity, with people running around planning and preparing. Making lists, checking things off. And then the dawning of the big day itself, with the anticipation of what may come. The pleasure...

Shortfalls in defined benefit pension schemes could provide a new business opportunity for advisers using the concurrency rules introduced on A-Day, says Skandia.

Underlying longevity and investment risks of final salary schemes could see more schemes using inflation swaps and bulk annuities to try and reduce their liabilities.

Nearly three-quarters of advisers believe getting their clients a better income in retirement proposition is a top priority over the next 12 months.

Rowanmoor Pensions has appointed a sales consultant for the southern region to provide consultancy and support services for advisers.

Tax revenues will keep going up over the next 50 years until they hit a rate of 41.6%, according to the government's own figures, The Times writes

I know Christmas is coming when my desk starts to creak under the mass of government papers scattered over it. Civil servants are clearly incentivised to clear their desks before the year end, and they do that by covering mine.