Chancellor

Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.

Nigel Peaple says the government should set a clear objective for tax relief as the first step in making the system work better for savers

Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.

Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.

The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.

The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.

The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".

The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....

Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.

Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.