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Detail of UK pension reforms emerges as Taxation of Pensions Bill published

Legal changes that will allow defined contribution (DC) pension savers to access their savings more flexibly have moved one step closer following the publication of the laws for debate by the UK parliament. 15 Oct 2014

Pension scheme administrators should "immediately" delay payment of certain death benefits

Pension scheme administrators should "immediately" examine whether to pay out death benefits affected by recently-announced changes to the tax regime, an expert has said after the UK Treasury clarified its plans. 02 Oct 2014

Out-Law Guides

UK government to abolish 'death taxes' on unused pension savings

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

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

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