HM Treasury

So as expected the Treasury's response to the Budget consultation will allow transfers from private sector DB schemes to DC.

Harmonising pension policy on a European Union (EU) level is unlikely to work due to a lack of demand for cross-border schemes, according to a Treasury report, published yesterday.

Now Pensions anticipates that "the vast majority" of its members will choose to take cash at retirement following the flexibilities introduced in the Budget 2014.

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.

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.

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

What you need to know about the Budget changes

BlackRock has launched a tax transparent US equity tracker fund under the Authorised Contractual Scheme (ACS) framework introduced last year.

Naomi Rainey looks at use of the tax-transparent vehicle in pensions