Following the recent announcement by the Government to call a snap general election in June, the Government has proposed a number of changes in order to expedite the passing of the Finance (No 2) Bill, before Parliament is dissolved on 3 May 2017.

The State Pension Age (SPA) is the earliest age an individual can elect to claim their State Pension. Under current plans the SPA is due to rise to age 68 by 2046.

A study conducted by Willis Towers Watson has identified that over half of defined benefit (DB) members who received independent financial advice chose to transfer their benefits out of their DB Scheme. The increase was credited to members wanting to access greater flexibility following the freedom and choice reforms in 2015. The study also found...

Former Pensions Minister Steve Webb (now director of policy at Royal London) has called upon the Pensions Regulator (tPR) to consider whether the transfer process can be simplified and whether schemes should be required to provide all relevant information when a Cash Equivalent Transfer Value (CETV) is first requested.

On 24 November 2016, Chancellor Philip Hammond has presented his first Autumn Budget Statement. The key points announced in relation to pensions are: