Budget 2014

Michael Johnson has proposed that retirees are defaulted into drawdown after research by PP found little support for his original call for a default option of index-linked annuities.

The Pensions Regulator (TPR) has published draft guidance on how trustees should communicate freedom and choice to scheme members.

A drawdown charge cap should be placed on sales to provider's existing customers to ensure people are not sold inappropriate products after pensions freedom comes into effect, Which? has said.

The Budget 2015 could see the Tories pledge to raise the income tax bracket by cutting the pensions annual and lifetime allowances, according to reports.

Industry figures have overwhelmingly rejected Labour's proposals to cut pensions tax relief in PP research.

HSBC Global Asset Management has introduced a range of cost-efficient retirement funds for the defined contribution (DC) pension marketplace.

Legal and General (L&G) has launched two retirement income products to help meet demand created by freedom and choice from 6 April.

The UK will become a pensions transfer ‘haven' for European Union citizens once freedom and choice comes into effect, a top pensions lawyer has said.

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

The Financial Conduct Authority (FCA) has published final rules on additional protection for consumers wishing to access their pensions from April.