HM Treasury

Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’

MPs warn cost issues will take ‘generations to resolve’ as civil servants and emergency workers opt out of DB schemes

The government’s much-awaited ‘Tax Day’ was met with little fanfare as predictions of cuts to higher-rate tax relief again failed to materialise.

The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February).

The Public Accounts Committee’s recommendation that HM Revenue & Customs (HMRC) should conduct a review into the impact of pensions tax relief has been ruled out by government.

The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.

The November Budget will not go ahead due to the ongoing coronavirus crisis, according to reports.

The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...