Lifetime allowance cut is tax grab with both hands

The lifetime pension saving allowance has been cut from £1.25m to £1m in the Budget today.

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.

Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.

Capacity crunch for platforms?

Access to non-standard asset investing in self-invested personal pensions (SIPPs) could be curtailed by the latest Financial Services Compensation Scheme (FSCS) ruling, which places liability for investment losses on financial advisers, according to Dentons'...

Total Keydata recoveries have reached £122m, according to the latest figures from the Financial Services Compensation Scheme (FSCS).

Hargreaves Lansdown has unveiled a low-cost drawdown plan, charging no set-up or income withdrawal fees, ahead of the 6 April pensions reforms.

Royal London Asset Management (RLAM) has reported net external business inflows of £2bn in 2014, driven by sales of Martin Cholwill's UK Equity Income fund.