Budget 2014

Retirees could find it difficult to access regulated financial advice when considering defined benefit (DB) to defined contribution (DC) transfers according to Punter Southall.

50% of Aussies spend pension cash by age 70. Will we follow?

The Pensions Advisory Service (TPAS) and the Money Advice Service (MAS) will struggle to cope with the scale and speed of meeting the guidance guarantee, industry figures say.

SPC president Duncan Buchanan identifies three potential problems

HM Treasury is set to change tax rules in a bid to help providers develop new retirement income products that better meet the evolving needs of members.

Trustees will be allowed to override scheme rules to follow tax rules in order to ensure individuals have flexible access to their savings.

The government is set to restrict pensions tax relief for the over 55s in a bid to stop the "exploitation" of new tax freedoms.

Helen Morrissey looks at the implications of the Treasury announcement on transfers

What you need to know about the Budget changes

Members of private sector defined benefit schemes will be able to transfer to a defined contribution arrangement according to a written Ministerial Statement published ahead of the Budget consultation response.