Pension
Two schemes to protect your pension lifetime allowance
Current LTA is just over £1m but eligible individuals can lock-in 2016 rates
Only 34% of UK retirees prepare before using pension freedoms
Retirement planning is ‘not easy to self-regulate’ and can be an ‘uncomfortable process’
More UK firms eye collective DC pensions
Some companies are already making provisions to introduce such schemes
Isle of Man-based firm partners with adviser trade body
Financial services firm also has an operation in Malta
Pension tax issues to be tackled by HMRC-led industry group
Move follows guaranteed minimum pension equalisation for men and women