Pensions - Retail

Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.

Pension savers withdrew £1.8bn from pots in the first two months following the opening up of the retirement income space, data from the Association of British Insurers (ABI) has revealed.

Three problems with Osborne's policies

The personal allowance will increase to £11,000 next year, while the higher-rate tax threshold will rise to £43,000, the Chancellor has said.

High earners have had the tax relief on their pension contributions cut in today's Summer Budget.

George Osborne has confirmed the inheritance tax (IHT) threshold will increase to £1m for couples, funded by a pension tax relief cut for people earning more than £150,000.

The Treasury will net an extra £700m in tax this year as a result of the pensions freedom and choice reforms, Hargreaves Lansdown has projected.

The Chancellor George Osborne is set to confirm an increase in the inheritance tax (IHT) threshold to £1m per couple in this week's Budget.

Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year, after announcing plans to keep the promises the Conservatives made ahead of the general election.

We look back at Steve Webb's achievements since 2010