The comments made by John Hutton, secretary of state for work and pensions, have provoked a flurry of responses from IFAs.
Proposals for the funding of pension scheme deficits could cost employers up to £27bn, claims research from the Association of Consulting Actuaries (ACA).
IFAonline is launching an exciting new service next week which gives you the chance to put questions to minister for pension reform Stephen Timms MP.
Details of the anti-avoidance rule to stop the recycling of tax-free cash published by HM Revenue and Customs (HMRC), has been described as "mind-numbingly complex" and very complicated by the pensions industry.
More than eight million homeowners have an estate worth more than the current Inheritance Tax (IHT) threshold of £275,000, claims new research from Scottish Widows.
The Capital Tax Office and the Treasury are still unable to agree on how inheritance tax (IHT) will apply to pensions eight weeks before A-Day, IFAonline has learnt.
ONE OF THE City's most respected fund management activists has warned of the potential power of the new state pension fund envisaged in Lord Turner's proposals for reforming the retirement system, reports The Guardian .
A consultation published by the Department of Work and Pensions (DWP) on the proposed European Directive on the portability of occupational pensions, suggests it could cost employers and employees an extra £210m a year in contributions.
An industry alternative to the National Pensions Saving Scheme (NPSS) will feature "a radical reduction in cost and the role of advice", Lord Turner has stated.
As the Association of British Insurers (ABI) prepares to submit an industry alternative to the National Pension Savings Scheme (NPSS) to the government by the end of next week, it seems not everyone supports the project wholeheartedly.