pensions

Industry members suggest inheritance tax (IHT) rules on pensions are unlikely to be revealed until the Budget, leaving advisers with just two weeks to get all the details in place.

Companies need to clear outstanding bills before the end of March or they could see their Pension Protection Fund (PPF) levy quadruple, claim two leading consulting firms.

Over three-quarters of workers want employers to offer more education on financial matters, starting with guidance on the A-Day changes, claims JPMorgan INVEST.

Pensions cuts of nearly 80% in the last 10 years, as a result of lower returns on investments and reducing annuity rates, could leave savers in a National Pension Savings Scheme (NPSS) with inadequate pensions, claims consulting firm Watson Wyatt.

The Treasury Select Committee has announced it will conduct a short enquiry into the design of a National Pension Savings Scheme (NPSS) and the role of financial services regulation in the Spring.

The Pension Protection Fund (PPF) has amended proposals to its levy which include an extension to the deadline for scheme valuations and revising parts of the risk-based calculation.

Industry alternatives to the National Pension Savings Scheme (NPSS) could lead to accusations of mis-selling, warns Adair Turner.

HENDERSON GROUP yesterday became a front-runner to buy Gartmore fund management group after shelving a payout to shareholders which will give it the necessary fire power, reports The Times .

A J Bell Group has attacked providers for what it says is a "total abdication of responsibility" towards clients who have bought into Executive Pensions Plans (EPP) ahead of rule changes being introduced with A-Day.

The bickering began early yesterday with the three organisations with the main alternatives to the National Pension Savings Scheme (NPSS) each jostling for position.