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Stay of execution: Have providers dodged a bullet on annuity misselling?

19 December 2014 8:30 am | By Sam Brodbeck

Why is the FCA only now addressing a problem which it has been warned about for years?

Comments (9)


Scottish Widows data protection error could cost customer £50k

18 December 2014 11:00 am | By Tessa Norman

Customer claims the provider has cost him £50,000 after sending details of his pension to his ex-wife. 

Comments (14)


Steve Webb summons providers over pension charges

18 December 2014 8:52 am | By Sam Brodbeck

Pensions minister says pot-follows-member could be extended to high charging schemes.

Comments (7)


Pensions guidance qualification launched

18 December 2014 8:20 am | By Sam Brodbeck

PMI and JLT aim certificate at administrators, paraplanners and HR professionals.

Comments (6)


Govt to freeze auto-enrol earnings trigger at £10k

18 December 2014 8:15 am | By Sam Brodbeck

Abolishing lower limit rejected to spare employers added cost.


MPs warn FCA of ignoring duties to pension savers

17 December 2014 3:44 pm | By Sam Brodbeck

DWP committee say poor customer outcomes will be “FCA’s fault”.

Comments (7)


Landmark ruling orders transfer out of liberation scheme

17 December 2014 1:30 pm | By Sam Brodbeck

But Pensions Ombudsman warns member’s entire savings could have already “disappeared”.

Comments (2)


L&G scraps face-to-face adviser support team

17 December 2014 11:00 am | By Tom Selby, Sam Brodbeck

Insurer responds to “changing adviser behaviour”.

Comments (17)


Legacy pension audit reveals £26bn exposed to high charges

17 December 2014 9:04 am | By Sam Brodbeck

Nearly £1bn of pension savings are being charged over 3 per cent, according to the Independent Project Board.

Comments (6)

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Clive Adamson: Closed book probe is 'most serious' event in FCA's history

16 December 2014 1:52 pm | By Sam Brodbeck

FCA comms director says she “would have gone anyway” over plans to demote her department

Comments (18)


Pru launches flexible drawdown offering

16 December 2014 10:54 am | By Tom Selby

Prudential has become the latest major insurer to launch a flexible drawdown proposition ahead of new Budget freedoms coming into force.


MAS backtracks on adviser directory criteria

15 December 2014 2:14 pm | By Tessa Norman

Firms will not have to specialise in retirement advice to be included in directory.

Comments (2)


Pensioner bonds to pay up to 4%

12 December 2014 4:38 pm | By Sam Brodbeck

One-year bonds to pay 2.8 per cent while three-year bonds will pay 4 per cent.

Comments (1)


London & Colonial targets pension freedoms with guaranteed drawdown launch

12 December 2014 4:06 pm | By Sam Brodbeck

Adviser-led product aims to meet post-Budget appetite for flexibility and certainty.

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Govt urged to ban 'rollover' pension sales

12 December 2014 10:19 am | By Sam Brodbeck

Just Retirement says customers should be forced on to the open market at retirement.

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Going in blind: Providers navigate the perils of non-advised drawdown

12 December 2014 8:00 am | By Sam Brodbeck

Providers’ non-advised products could leave savers exposed.

Comments (9)


Advisers say flexi-access drawdown poses biggest Budget risk

11 December 2014 2:00 pm | By Sam Brodbeck

Research also finds advisers backing IHT reform.


MetLife UK plans 2015 guaranteed Isa launch

11 December 2014 10:00 am | By Sam Brodbeck

Customers will be able to choose capital or income guarantee.

Comments (1)

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FCA to ditch ABI retirement shopping around code; reviews post-2008 annuity sales

11 December 2014 9:01 am | By Sam Brodbeck

Providers found actively ignoring ‘shopping around’ principles.

Comments (1)


DWP: Pot follows member to launch in autumn 2016

11 December 2014 8:58 am | By Tessa Norman

Government to consult on draft regulations next year. 


FCA recommends Dutch-style 'Pensions Dashboard' for UK

11 December 2014 8:34 am | By Tom Selby

Regulator acknowledges cost could be barrier to development but argues digital tool would boost consumer engagement.

Comments (3)


Industry backs Govt decision on post-75 pensions tax relief

11 December 2014 | By Sam Brodbeck

The Government has dropped plans to extend tax relief to pension contributions made by people over the age of 75.


OECD issues warning on pension freedoms

11 December 2014 | By Sam Brodbeck

Organisation recommends deferred-life annuities to meet demands for flexibility and guarantees.

Comments (1)


Nutmeg to launch personal pension

11 December 2014 | By Sam Brodbeck

Pension will be administered by Hornbuckle, with launch early next year.


Berkeley Burke demands suitability report for client transfers

10 December 2014 3:25 pm | By Sam Brodbeck

Sipp provider changes process after FCA visit.

Comments (2)


Protection Review expands into retirement income market

10 December 2014 10:35 am | By Devraj Ray

New body will host its inaugural conference in February 2015.


True Potential enters auto-enrolment market

10 December 2014 8:51 am | By Sam Brodbeck

Employers can choose from a range of LGIM default funds charging up to 0.74 per cent.

Comments (8)


Landmark Australian report warns on pensions 'bank accounts'

9 December 2014 4:16 pm | By Sam Brodbeck

Wide-ranging inquiry warns bank account-style pensions lead to savers suffering from reduced living standards.


L&G reveals post-Budget investment strategy

8 December 2014 12:27 pm | By Sam Brodbeck

Mastertrust will offer members three investment options three years before retirement.


OECD issues warning on pension freedoms

8 December 2014 12:20 pm | By Sam Brodbeck

Organisation recommends deferred-life annuities to meet demands for flexibility and guarantees.

Comments (3)


Partnership in record enhanced bulk annuity deal

8 December 2014 10:44 am | By Sam Brodbeck

£206m “top-slicing” transaction helps offset post-Budget fall in individual annuity sales.


Nutmeg to launch personal pension

8 December 2014 8:30 am | By Sam Brodbeck

Pension will be administered by Hornbuckle, with launch early next year.

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Is Nest the last scheme on the shelf for small employers?

5 December 2014 8:30 am | By Sam Brodbeck

Could Nest become the only option for small firms?

Comments (9)


Trade body drafts radical pensions tax relief reform plans

4 December 2014 2:00 pm | By Tom Selby

An influential actuarial trade body is drafting radical pensions tax relief reform proposals.

Comments (1)


Nest tenders for single-year gilts to boost default fund

4 December 2014 11:36 am | By Sam Brodbeck

Funds will be used in youngest and oldest savers’ investment strategies.

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Experts query Govt pension recycling tax leak estimate

4 December 2014 10:44 am | By Sam Brodbeck

Confusion reigns over Treasury projections.

Comments (1)


Govt urged to hand savers new pension fund transparency powers

4 December 2014 9:30 am | By Sam Brodbeck

Pensions Schemes Bill amendment would give savers new powers to question industry.

Comments (4)

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Nudge theory: How behavioural economics is shaping financial services

4 December 2014 8:30 am | By Tessa Norman

Policymakers looking to increase take-up of guidance guarantee and move beyond 8 per cent auto-enrolment contributions. 

Comments (1)


Chancellor extends death tax reforms to annuities

4 December 2014 | By Sam Brodbeck

Widowers will no longer have to pay income tax on joint-life annuity payments under proposals widely expected to be unveiled by Chancellor George Osborne this week.


AS 2014: Treasury reveals £730m cost of pensions death tax cut

3 December 2014 3:03 pm | By Sam Brodbeck

But expected growth in public sector transfer set to offset tax loss, Government estimates.

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