lifetime allowance

More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.

This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.

The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.

Any further changes to tax relief would undoubtedly add to the cost and complexity of running a DB scheme, says Steve Webb

The pension industry's reaction to the lack of policy in the Autumn Budget has been a mixture of relief and disappointment.

Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.

As Budget day approaches, Jonathan Stapleton says while meddling in pensions may offer an easy way to raise some cash, it must be resisted

The upcoming general election is an opportunity to put forward a bolder pension policy says Hilary Salt.