DWP

Enhancements to women's pension provision will decrease the importance of joint life annuities according to pensions minister Steve Webb.

Retirement Planner's round-up of the week's top pension stories.

Cash incentives should be offered under "no circumstances" in enhanced transfer value (ETV) exercises, an industry code of conduct warns.

Retirement Planner's round-up of the top pension stories this week.

PENSIONS

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, the Department for Work and Pensions says.

The auto-enrolment earnings trigger and the lower and upper limits for the qualifying earnings band have been confirmed by the Department for Work and Pensions (DWP).

Government plans to hike the income tax threshold to £9,205 could complicate the roll-out of auto-enrolment, experts have warned.

The Office for Tax Simplification (OTS) has made interim suggestions on simplifying tax for pensioners - and IFAs have many more of their own.

Steve Webb has called for the pensions industry to encourage people to ‘impulse save' alongside the more rigid auto-enrolment framework, to engage with younger generations.