Hargreaves Lansdown

Individuals transferring from defined benefit to defined contribution schemes could be expected to sign a statement acknowledging the potential change it may cause to their benefits.

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.

How pensions saving is moving to fraternalism

Employers are entering a period of "fraternalism" with their scheme members, delegates heard.

Cuts to the Office for National Statistics budget could place private pension statistical research under threat, an analyst warns.

Government proposals to prevent the transfer of contracted-out benefits from final salary to money purchase schemes would be "contradictory, retrograde and unnecessary", Hargreaves Lansdown says.

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

Savers are facing a rare conundrum about whether to lock into a lifetime annuity amid unprecedented economic uncertainty, Hargreaves Lansdown says.

Tom McPhail has written to financial secretary to the Treasury Mark Hoban in an attempt to put the "final nail in the coffin" of insurers' resistance to reform of the Open Market Option.

Treasury proposals to remove the requirement to annuities by age 75 will only benefit "those who need them the least", the industry warns.