Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.
Japanese police are investigating a man they believe hid the corpse of his father in a cupboard in order to keep receiving his pension cheques.
Prudential deputy chief executive Barry O'Dwyer has welcomed the Treasury's new draft rules for retirement options, but warns there may be problems ahead for value guaranteed annuities.
Death claims should be paid quicker and the protection industry needs to support its existing customers better, says Munich Re.
As income drawdown approaches its 15th anniversary John Moret assesses whether it has met peoples' needs
James Purnell, Minister for Pensions Reform, has hinted the government's response to the personal accounts white paper will reject the idea of including any additional benefits or "bells and whistles" to the scheme, such as death benefits, or early drawdown....
HM Revenue and Customs has confirmed people can split pension transfers and still keep enhanced protection.
Relatives of those dead for more than two years ahead of A-day could see the deceased's death benefits subject to a 40% tax charge, says Steve Bee, Scottish Life head of pensions strategy.
The Inland Revenue should change its latest proposals on death benefits, urges the Society of Financial Advisers, as the rules are both unequal in their treatment of different pension types as well as "too complex".