At risk: How pension tax reforms will affect group life

The pension tax reform consultation issued by HM Treasury (HMT) on 8 July last year has very wide implications on the way in which later life income is generated, and the tax incentives used to do so. The government clearly wants good use of tax revenues to incentivise behaviour. The present system is complex and tax poorly understood.   Death benefits Although the consultation asks a number of very specific questions, one area not included is the provision of lump sum and dependants' pension death-in-service benefits through registered pension arrangements.  The government nee...