pensions

Despite receiving bonus payments of more than £1m, many City professionals will be taking advantage of the A-Day changes instead of buying fast cars and big yachts, claims Route Wealth Management.

A REVIEW OF THE government's £400m fund to help victims of company pension scheme wind-ups is to be brought forward amid mounting anger over ministers' refusal to accept responsibility for the losses, reports The Financial Times .

Unquoted shares could follow residential property and other more esoteric assets, and become effectively banned from self-invested personal pensions (SIPPs) in the Budget next week, warns A J Bell group.

John Hutton, Secretary of State for Work and Pensions has admitted reforms to the State pension should try and stop the spread of mean-testing to allow people to save with confidence.

The Department for Work and Pensions (DWP) has told the Parliamentary Ombudsman the Government is "not minded" to accept the findings of maladministration against it, and will not implement her recommendations.

Almost a third of adults are planning to use inheritance to fund their retirement despite 23% being unaware of the Inheritance Tax (IHT) charge if assets are over £275,000, claims investment manager Brewin Dolphin Securities.

THE NUMBER OF households in Britain is expected to rise by almost a quarter over the next 20 years, the government said yesterday, an increase which is likely to put further strain on the country's limited supply of housing, reports The Guardian .

A National Pension Savings Scheme (NPSS) could do lethal damage to the structure of existing pensions arrangements in the UK, claims Alan Pickering, senior consultant at consulting firm Watson Wyatt.

With less than a month until A-Day, the Association of British Insurers (ABI) is lobbying the Government to release final details and clarification on a number of outstanding issues and regulations.

With less than a month until A-Day, the Association of British Insurers (ABI) is lobbying the Government to release final details and clarification on a number of outstanding issues and regulations.