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Defined contribution (DC) pension savers will be able to pass on any unused pension funds to a nominated beneficiary when they die without those funds being subject to a 55% tax charge, the UK's chancellor of the exchequer has announced. 30 Sep 2014
New annuity sales fell by over one third in the three months following the announcement of changes to the pension saving regime that would give savers more freedom over the way in which they access their pension pots, according to insurers. 16 Sep 2014
This guide was last updated in August 2011.
Those who have been involved in the design or marketing of a tax avoidance scheme could be prevented from acting as the administrator of a registered pension scheme according to new guidance published by HM Revenue and Customs (HMRC). 04 Sep 2014
The Pensions Ombudsman is "not yet in a position to publish" its conclusions on at least 84 pension liberation complaints that have been eagerly anticipated by the UK pensions industry, according to its latest update. 22 Aug 2014
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