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Annuity figures show UK retirees "starting to use new freedoms", says ABI

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

Marketing of tax avoidance schemes could see pension scheme administrators fail new 'fit and proper' test, says expert

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

Out-Law Guides

No decision due on pension liberation cases before autumn, says Pensions Ombudsman

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

Complex draft pension tax rules highlights the importance of free, impartial guidance, says expert

Draft pension tax rules published by the government for consultation would introduce a simplified one-off form of drawdown, but savers need to take advantage of new free, impartial guidance in order to understand the tax implications, an expert has said. 08 Aug 2014

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