Investment

High earners would face a £1bn ‘tax grab' on their pension contributions to fund return-to-work schemes for the long-term unemployed should Labour return to power.

Retirees are becoming more economically active with one in three (39%) over-55s continuing to receive a wage, according to Aviva.

The Department for Work and Pensions (DWP) will not legislate on ‘micro pot' refunds, despite industry warnings that pension schemes will be forced to administer thousands of tiny pots.

QUIZ CHAMPION

People nearing retirement who are carrying around extra weight could potentially make a few extra pounds, according to Just Retirement.

Making the winter fuel allowance a means-tested benefit to help fund long-term care would discourage people from saving and worsen the pension credit crisis in future, a commentator has said.

Minimum contributions under pension auto-enrolment should rise to 12% of eligible salary by 2020, according the Association of Consulting Actuaries (ACA).

The government could ease the transition to the flat rate state pension by paying out old state second pension entitlements as one-off sums in a ‘buyout' arrangement, according to a pensions consultant.

WHY WE DO IT

Despite constant tinkering with pensions legislation Neil MacGillivray believes there are still opportunities.