Treasury

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.

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform on Thursday 10 March.

Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.

Occupational pension scheme members have attacked the switch in indexing benefits to CPI inflation as a Treasury cost-saving exercise aimed at benefitting business over pensioners.

Tony Slocombe, of Heartwood Wealth Management, says pensions alone will not be enough to fund retirement.