View more on these topics

Forum is pressing for flexible retirement

The Government is coming under fierce pressure to introduce rules which allow more flexible retirement packages.

The Employers&#39 Forum on Age, chaired by FSA chairman Howard Davies, is calling on the Inland Revenue to revamp tax rules on pension payments.

In a report this week, the forum says tax rules on pensions are preventing employees enjoying a flexible retirement. Employees can draw a pension at 50 but have to retire fully and take a full pension. The forum says increasingly employees do not fully retire but take up part-time employment as they get closer to retirement age.

Davies says: "It is not possible to draw a partial pension alongside a part-time wage from the same employer."

The Revenue says it is set to release a discussion paper on flexible retirement in the new year.

Recommended

INDEPENDENT VIEW

I have crossed swords with the national press more times than I can remember in defence of the endowment mortgage. This has included skirmishes with financial journalists working for the so-called quality press, whose argument is based on little more than the fact that somebody has earned commission and, therefore, it must be a bad […]

Newsline

Newsline reported the humiliating public dressing down given to Prudential by the Financial Services Authority over failings in its management and direct salesforce. Press *News# for the latest industry news.

Don&#39t be a test cash dummy

Interactive Investor has launched what its describes as phase two of its Interactive IFA service (http://www.ifa.co.uk). Although a fuller review of this service and a more detailed overview of the benefits or otherwise of their services to the market will appear in the near future, I do have some initial reactions. Most of this is […]

New marketing chief at Colonial Investments

Colonial Investments has appointed Lindsay Firth-McGuckin as marketing director. Firth-McGuckin was previously marketing director at Henderson Investors and head of marketing at Liverpool Victoria Friendly Society.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com