andrew tully

The National Employment Savings Trust's efforts to simplify language used by pensions providers has been welcomed by the industry.

The accelerated increase in state pension age announced today could result in higher private pensions if members delay scheduled retirement, Standard Life says.

Forcing employers to pay into the existing stakeholder regime would mean a lower cost alternative to NEST could be implemented "tomorrow", a senior actuary says.

Trustees and employers need to decide whether to communicate higher rate tax relief rules to members or change their schemes to avoid incurring a tax charge, Standard Life says.

Employees who leave a company prior to retirement could be worst hit by the indexation switch from RPI to CPI, a pensions expert warns.

The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a "firesale" of final salary liabilities, a consultant warns.

The default retirement age of 65 will be "quickly" phased out following a government consultation, the Budget reveals.

The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.