pensions

Being relatively new to the pensions game, I have to admit I was expecting summer to be nice and relaxing, as with parliament in recess I thought news emerging would be limited.

While the government does its best to decide whether it is ‘naïve or misleading', as suggested in the Public Administration Select Committee's report, the question outstanding is how will this affect personal accounts?

Some life offices are attempting to provide clients with a way of 'having their cake and eating it' when it comes to taking tax-free cash.

Pensions reporting under International Financial Reporting Standards should be explained more simply with more disclosure of the uncertainties around accounting estimates.

Companies in the FTSE 100 are on track to clear their pension deficits by 2012, claims Lane Clark & Peacock.

Increases in the number of people affected by inheritance tax means people should not wait until they are retired to start estate planning.

BANKS, LIFE assurers and fund managers are to be given leading roles in setting up and eventually running the government's proposed low-cost national pensions savings scheme.

Employers plan to take advice from IFAs as well as the government and industry bodies when implementing new personal accounts.

A misunderstanding of the way tax free cash can be taken from a pension could cost customers a tax charge of up to 70%.

HM Revenue and Customs seems to be allowing pension scheme administrators to use their own judgement when applying certain tax charges.