Savers are far more inclined to leave their cash in a pension if they understand the tax consequences of taking it all in one go, research has found.
Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.
Debt Management Office chief executive Robert Stheeman discusses the impact of shrinking annuity sales on the UK gilt market.
Four-fifths of scheme members are postponing annuity purchases in the wake of the Budget reforms, according to research.
The industry needs to pace itself as it implements a raft of reforms, Natasha Browne says
As many as ten million pension savers will increase their contributions to take advantage of greater at-retirement flexibility announced in the Budget, according to research.
Chairman of the Association of Consulting Actuaries (ACA) Andrew Vaughan says transfers from defined benefit (DB) to defined contribution (DC) schemes should not be blocked.
Pensions minister Steve Webb says delays to the timescale for implementing reforms would happen "over my dead body".
Workers could lose out as a result of the changes announced in the Budget if they lead to less pooling of longevity risk, warns shadow pensions minister Gregg McClymont.
Budget changes will not significantly affect demand for gilts according to the UK Debt Management Office's (DMO) chief executive Robert Stheeman.