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Plans for a secondary annuities market will not be implemented until at least 2017 after the Treasury said the move would be delayed.
George Osborne has opened up the possibility of “radical reforms” which could mean pensions become taxed like ISAs.
A couple of Saturdays ago, and in a break from having a full weekend, I was asked to speak at the Retirement Money Show in London.
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The Office of Budget Responsibility (OBR) has recently issued its annual Fiscal Sustainability Report. This report looks at how government spending and revenues may evolve over the next 50 years and how this will impact on public sector net debt.
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The Pensions Ombudsman has admitted it has been struggling to cope with rising demand as figures show a 42% increase in investigations over five years.