Scrap pensions tax relief - think tank

Tax relief on pensions should be replaced by a Treasury contribution of 50p per £1 saved, argues a radical report by Michael Johnson for influential thinktank the Centre for Policy Studies (CPS).

Retirement | 21 Apr 2014
clock striking twelve with pound sign

'Adequate' pensions advice for post-reform retirees could cost £40m

The cost of providing "adequate" advice to retirees following the dramatic overhaul of the pensions system could top £40m, according to

Annuities | 20 Apr 2014

Minister calls for flat rate 30% pension tax relief

The pensions minister has called for an overhaul of tax relief on pension contributions that would see a flat 30 per cent rate introduced and the lifetime allowance axed.

Pensions | 16 Apr 2014

Half of Britons think retirees will not fritter away pension

Just over half of Britons think people can be trusted to spend their retirement savings wisely following the new pension reforms announced in the Budget.

Pensions | 16 Apr 2014

Growing numbers will spend inheritance on living costs

A growing number of Britons expect money they bequeath will go towards the day-to-day living expenses of their heirs, research has found.

Estate Planning | 14 Apr 2014

Why pension reform will not spark a buy-to-let bubble

Radical pension reforms have sparked talk of a buy-to-let bubble. But property expert Giles Beswick says we are unlikely to see a flood of retirees heading to their local estate agencies.

Buy to Let | 11 Apr 2014

One in seven will retire with no personal pension

One in seven people planning to retire this year has no personal pension provision, according to Prudential, and will be totally reliant on the state for their retirement income.

Pensions | 11 Apr 2014

Your Money Awards 2014 open for entries

It's that time of year when we invite your organisation to submit entries for judgement in the Your Money Awards.

Investments | 11 Apr 2014

Retirees offered extra pension decision-making time

Retirees who recently took a tax-free lump sum from their defined contribution (DC) pension now have longer to decide what to do with their cash, the government announced on Wednesday.

Pensions | 09 Apr 2014
seniors cycling

Only 25% of retirees plan to buy an annuity

Only 25 per cent of retirees plan to use their pension pot to buy an annuity following reforms announced in this year's Budget, a study has found.

Annuities | 07 Apr 2014

Product launches of the week

Shawbrook launches two fixed rate bonds; TSB and Santander unveil new credit cards; TD Direct introduces new 'Fund Selector' tool.

Credit Cards | 04 Apr 2014

Top up scheme allows pensioners to boost state pension by £25 a week

Pensioners will be able to top up their state pension by up to £25 a week from next year under government plans published today.

Pensions | 02 Apr 2014
The Houses of Parliament in London

FCA reveals Osborne's 'right to advice' pledge means guidance only

The Chancellor's 'right to advice' for pensioners at the point of retirement will be a right to 'free impartial guidance', not regulated advice, the Financial Conduct Authority (FCA) has confirmed.

Pensions | 01 Apr 2014
magnifying glass

Pension tracing requests reach four-year high

A dramatic increase in the number of people trying to track down lost pensions signals greater awareness of pension-related issues.

Pensions | 31 Mar 2014

Women still struggle to save as much for retirement as men

Having saved the same amount towards retirement over a 40 year period, men can end up £89,000 better off than women, according to Scottish Widows.

Savings Accounts | 30 Mar 2014

Money tips of the week



Money management tools

Focus on...



We reveal how to protect your savings from the destructive impact of inflation.




Your Money Awards

The Your Money Awards, recognising excellence in online & direct service provision.