Workers will be able to carry small pension pots with them from job to job from next year onwards under plans outlined by Pensions Minister Steve Webb.
Savers aged 65 and over now have until 15 May to deposit money into Pensioner Bonds, as the Government has announced it's extending the scheme past its original £10 billion allocation.
Everyone aged 55 and over will now be entitled to a free state pension statement the Government has announced today, but it's not automatic so you'll need to request a copy.
The impartial guidance that will be offered alongside the pension changes coming into force in April will go under the name Pension Wise, the Government has announced.
Pensioner Bonds will pay market-leading rates of 2.8% on a one-year bond and 4% on a three-year bond from January 2015, the Treasury has revealed today.
Many pensioners are missing out on a higher retirement income as annuity providers aren't doing enough to encourage customers to check if they can get a better deal elsewhere, the Financial Conduct Authority (FCA) has said today.
People under 75 who die having started to draw an income from certain types of annuities from April next year will have that money passed on to a beneficiary tax-free.
3 December 2014
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