Pension manager trade body to remain independent.
Auto-enrolment boosts DC membership beyond three million.
Increase in customers using with-profits in retirement, says LV=.
Rivals with minimum requirements say they have no plans to charge auto-enrol charging structures for SMEs.
Move has been prompted by slump in post-RDR sales.
Industry warns ‘second line of defence’ measures present new risks.
Pension providers are pouring cash into customer services ahead of the “April surge”.
Equity release broker Age Partnership is to offer members of pension schemes access to their cash for a flat fee of 1.25 per cent.
A lack of engagement caused by auto-enrolment could stop consumers making the right decisions at retirement.
The Pensions Regulator issued 166 fines in the final quarter of 2014.
The Government has loosened minimum advice requirements covering DB to DC pension transfers ahead of radical new freedoms coming into force in April.
DWP working Pensions Regulator to translate rules for trusts.
BlackRock’s babyboomer survey has revealed 40 per cent of those aged 55 to 74 have not started to save specifically for retirement.
Pension scammers could take advantage of “mid market” people who don’t want full advice, experts warn.
The Association of British Insurers has promoted Dr Yvonne Braun to director of long-term savings policy.
Deal to acquire the Torquil Clark portfolio of 140 Sipp and SSAS schemes completed last week.
Savers three times as likely to be contacted by pension scammers now, compared to before the pension reforms were announced.
A fifth will help members switch schemes to access flexibilities.
Nationally-agreed life expectancy figures should be included in Pension Wise, says Aviva.
George Osborne’s reforms engaging more people in pensions, says Nest.
Friends Life will pay redress to 1,200 with-profits customers after a ‘spot check’ revealed faults in the system used to calculate bonuses.
MP who compared advisers to McDonalds staff to step down after 14 years.
Savers on benefits are in danger of slipping through the cracks of the new pension freedoms by taking cash and losing their entitlements to state help.
Investment products that give certainty of income as well as flexibility should be the winners from the new pension freedoms.
New schemes set up online within 30 mins.
Lawyers say new cash option makes divorce proceedings unpredictable.
Funds under management hit record £52bn.
Industry trade body Tisa has named former Fidelity FundsNetwork boss David Dalton-Brown as director general.
Experts warn the Government’s guidance guarantee could be a two-tier service and appears unprepared for a spike in demand come April.
TPR writes to 1.5 million employers to avert mass non-compliance.
Pension funds call for oil giants to diversify away from carbon business.
Toby Strauss warns customers with guarantees would sue if moved out of high charging schemes.
Michael Schaefer has been appointed as chief operating officer.
Staff will talk through the implications of withdrawing cash and the dangers of not protecting against longevity.
CAB reveals 44 office locations for face-to-face sessions.
But insurer says “allowing Sesame to fail” could also hit Aviva’s reputation.
Decision pending on which departments will be affected.
Poor planning will lead to £4.9bn in overpaid taxes in 2015.
BNY Mellon is launching the Newton Multi-Asset Income fund next month, with income manager Nick Clay and multi-asset manager Paul Flood at the helm.
Shareholders give approval ahead of investor vote.