News

George Osborne's fifth Budget revealed a raft of retirement income reforms giving pension savers freedom of choice.

Yesterday's Budget effectively removed the requirement to ever purchase an annuity, causing shares in listed providers to drop over 50%, but is there value in the sector after such a monumental sell-off?

Millions of savers can claim back some of the tax paid on the interest they earn in bank and building society accounts if they act quickly.

The US Federal Reserve chairman Janet Yellen has hinted that interest rates in the US could start to rise in early 2015.

Many providers have welcomed the extra flexibility brought by George Osborne's raft of retirement income reforms but the majority have cautioned about giving savers too much, too soon.

Today's Budget pension reforms will not irreparably damage the annuity market says Just Retirement's customer insight director, Stephen Lowe.

HM Revenue & Customs (HMRC) will get extended powers to tackle pensions liberation in the Finance Bill 2014.

'It's the only thing I'm nervous about': What IFAs think of the Budget pension changes

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.