Pensions

A shift from an 'EET' to a ‘TEE' tax system could save the government £10bn a year, academic Michael Johnson has said.

Ros Altmann has been named as the next pensions minister, replacing Steve Webb.

The Smith Commission has proposed the Scottish Parliament should get more powers over tax. Jonathan Stapleton discovers what this means for pensions and how schemes and employers can define who is a Scottish taxpayer.

The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot.

The retirement guidance guarantee will not be delivered by the Money Advice Service (MAS), the Treasury has said, in a reversal of the government's previous announcement.

Aviva UK has reported a 21% drop in the value of new life business it wrote in the first half of the year, mainly due to a steep fall in annuity business.

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions liberation schemes.

The state pension age should rise to 70 by 2040 - more than 20 years earlier than scheduled under government changes - the former chairman of the Financial Services Authority (FSA) Lord Adair Turner said last night.

Fidelity Worldwide Investment has bought retirement solutions business Annuity Direct and its holding company Retirement Angles.