A new survey suggests that one in 10 higher earners fail to make a personal contribution to a pension and on average higher rate taxpayers miss out on £2,500 a year in tax relief each – equivalent to £225m a year for all higher earners.
The FCA has today outlined how its probe into the failing annuities market will examine the changing landscape in pensions created by the Government's overhaul of the system.
The taxman's decision to take away venture capital trust status from Oxford Technology will be reviewed – meaning the status is reinstated for the time being at least.
There are not enough advisers capable of providing the free, impartial pension advice pledged by the Government, accurately enough, a survey of pension experts found.
A new directory of regulated financial advisers who specialise in retirement guidance is to be set up to help consumers looking for help as they get ready for life after work.
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