Treasury

The government's probe into allowing early access was a political rather than practical move and the Treasury knew the idea would be rejected, a lawyer has claimed.

The pension industry has welcomed the Treasury's rejection of early access to pensions and supports reform of trivial commutation.

The Treasury has rejected early access to pensions as a means of closing the retirement savings gap.

The British Insurance Brokers' Association (BIBA) has implored the Treasury to apply an "appropriate, proportionate and cost-effective approach" to regulating insurance brokers.

The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.

Harriett Baldwin MP is calling on the government to use a reprieve on red-tape for small businesses announced in the Budget to exempt small IFA firms from the RDR.

Simple protection products need baseline standards and a goverment recognised stamp of approval, according to the chairman of trade body Protect.

MPs have called on the government to take action over Nationwide's planned closure of all its inner southeast London branches.

Mark Hoban, financial secretary to the Treasury, was today forced to face down challenges by leading insurers who fear the new regulatory regime will be biased towards banking.

The Treasury says people exceeding the annual allowance (AA) on pension savings must meet their tax charges as soon as they arise.