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Steve Webb presses FCA on pensions guidance safeguards

21 October 2014 12:06 pm | By Sam Brodbeck

Regulator says it has powers to take early action on “flaky” post-retirement products.


TPAS estimates 25% take-up of pensions guidance next year

21 October 2014 11:54 am | By Samuel Dale

TPAS set out details of how it will deliver pensions guidance from next April.


Govt reveals tough new sanctions for pensions guidance fraudsters

21 October 2014 10:38 am | By Tom Selby

Anyone caught impersonating the Government’s “guidance guarantee” risks being hit with a fine or a jail sentence.

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Data protection may be stumbling block for guidance guarantee

21 October 2014 9:30 am | By Sam Brodbeck

Rules restricting the sharing of personal data may block early intervention plans from guidance providers, experts are warning.


Equity release lending surges past £1bn in 2014

21 October 2014 8:35 am | By Tom Selby

The total value of equity release lending increased by almost a third year-on-year in the third quarter.

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Pensions Ombudsman steps down two years early

20 October 2014 3:50 pm

DWP also seeking new deputy Pensions Ombudsman.


Advisers call for MAS to be scrapped after pensions guidance snub

20 October 2014 11:40 am | By Samuel Dale

The Treasury has axed the Money Advice Service from delivering pensions guidance next year.

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A third of DB members to exit post-Budget

20 October 2014 11:01 am | By Sam Brodbeck

Actuaries predict one in three members will leave DB schemes in search of new flexibilities.

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Treasury axes MAS from delivering pensions guidance

18 October 2014 8:00 am | By Samuel Dale

The Pensions Advisory Service and Citizens Advice will deliver the guaranteed guidance sessions.

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Experts slam 'crazy' Steve Webb plan to unwind annuities

17 October 2014 4:13 pm | By Samuel Dale

Pensions minister Steve Webb wants to unwind annuity deals agreed before the Budget.

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Experts pour cold water on proposal to scrap NICs

17 October 2014 2:00 pm | By Sam Brodbeck

A think-tank’s proposal to combine National Insurance and income tax is laudable but likely to be thwarted by lack of political will.

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TUC: Pensions governance committees will be 'toothless'

17 October 2014 2:00 pm | By Sam Brodbeck

Trade union hits out at proposals to boost governance for contract-based pension schemes.

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Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.


Govt excludes 'defined ambition' schemes from 0.75% pensions charge cap

17 October 2014 12:34 pm | By Tom Selby

DWP confirms it plans to press ahead with a 0.75 per cent price ceiling for workplace schemes in April 2015.


Pensions minister calls for ability to 'unwind' pre-Budget annuities

17 October 2014 9:42 am | By Sam Brodbeck

Steve Webb argues people should be able to turn contracts back into cash.

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Exit blocked? Providers shun 'insistent' DB transfers amid regulatory fears

17 October 2014 8:30 am | By Sam Brodbeck

Some people will find their paths to George Osborne’s pension freedoms blocked by providers unwilling to take on DB transfers.

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FCA: There will be no 'backstop' to guidance guarantee

16 October 2014 4:19 pm | By Sam Brodbeck

Savers who spurn the offer of free retirement guidance and help from their pension provider will be left to their own devices.

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Consumer Panel raises concerns over ‘high-risk’ Sipps

16 October 2014 3:00 pm | By Tessa Norman

Panel raises concerns with FCA board over Sipp advice.

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Regulator prepares for crackdown on 'unacceptable' auto-enrolment non-compliance

16 October 2014 2:13 pm | By Sam Brodbeck

TPR expecting greater numbers of firms failing to meet their auto-enrolment duties.


Half of retirees have no plan for pension freedoms

16 October 2014 2:09 pm | By Samuel Dale

One-third of those surveyed will use a regulated adviser to access new freedoms.


FOS ruling on HSBC could open 'can of worms' on trail commission

16 October 2014 1:00 pm | By Samuel Dale

The Financial Ombudsman Service has ordered HSBC to repay trail commission

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Labour warns over lack of pension drawdown controls

16 October 2014 11:04 am | By Sam Brodbeck

Shadow pensions minister says party will “go with the grain” of the Budget reforms.

Comments (1)


Does Osborne's 'guidance guarantee' need a mass awareness campaign?

16 October 2014 11:00 am | By Samuel Dale

Labour says the Legal & General guidance pilot should act as a “warning” to the Government.

Comments (3)

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Australian pensions chief warns of Budget 'disaster'

16 October 2014 9:56 am | By Sam Brodbeck

The chief executive of the Association of Superannuation Funds of Australia has warned the Budget reforms could be a “disaster waiting to happen”.


Partnership sales plummet 70% after Budget bombshell

16 October 2014 9:21 am | By Samuel Dale

Specialist annuity provider Partnership is still coping with the fallout from new rules on pension freedoms.

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Govt tax cuts create 'severe unintended consequences' for auto-enrolment

16 October 2014 | By Sam Brodbeck

Pensions heavyweights warn of “unintended consequences” of cutting taxes on low earners’ pensions


Govt urged to rethink 'corrosive' auto-enrol earnings rules

15 October 2014 3:00 pm | By Tom Selby

Policymakers are facing calls to rethink the way automatic enrolment contributions are calculated after experts raised concerns the current method penalises low earners.

Comments (2)


Govt moves to close flexible annuity recycling loophole

15 October 2014 1:33 pm | By Tom Selby

Flexible annuities will be subject to a lower annual allowance of £10,000.

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Savers given new admin headache when they access pensions

15 October 2014 1:33 pm | By Tom Selby

Experts have branded Government plans to load new administration burdens onto pension savers in the wake of the Budget reforms “unworkable”.


Govt considers freezing auto-enrol earnings trigger

15 October 2014 11:30 am | By Tom Selby

The Government is considering ditching the link between the automatic enrolment earnings trigger and income tax next year.

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Govt cuts tax-free cash 'recycling' limit to £7,500

15 October 2014 10:41 am | By Tom Selby

The Government will further cut the amount of pensions tax-free cash that can be “recycled” following the Budget reforms under plans laid before parliament yesterday.

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ABI: Focus on early cash withdrawals threatens pension reforms

14 October 2014 3:32 pm | By Sam Brodbeck

Guidance guarantee and FCA have ”virtually nil” chance of protecting savers from poor decisions.

Comments (1)


Aegon warns of 'abuse' risk from new pension withdrawal option

14 October 2014 2:01 pm | By Sam Brodbeck

The new lump sum pension withdrawal option puts savers at risk of “abuse” by unscrupulous organisations, Aegon claims.

Comments (6)


Just Retirement completes £75m de-risking deal

14 October 2014 9:42 am | By Sam Brodbeck

Buy-in is the insurer’s biggest bulk annuity transaction to date.


Metlife hires new head of product for UK employee benefits

14 October 2014 9:17 am | By Samuel Dale

Elliott has previously worked for Just Retirement, Towers Watson, Swiss Re and M&G Re.


Osborne to create new flexible pension withdrawal option

14 October 2014 8:48 am | By Tom Selby

Chancellor George Osborne will today confirm plans to create a new pension withdrawal option that allows savers to use their fund in a similar way to a bank account.

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Mercer: Budget freedoms could damage UK pensions sustainability

13 October 2014 2:46 pm | By Sam Brodbeck

Auto-enrolment boosts UK’s score in global league table, but reforms likely to bring it down next year.

Comments (4)


HSBC ordered to repay trail commission for lack of ongoing advice

13 October 2014 10:22 am | By Samuel Dale

Mr J said he was unable to get a review of his pension when he asked despite paying 0.5 per cent trail commission.

Comments (16)

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Labour demands more Treasury details on end of pensions 'death tax'

13 October 2014 10:19 am | By Samuel Dale

Chancellor George Osborne has come under fire for his “shambolic” handling of the abolition of the pensions death tax.


NAPF and Pensions Management Institute consider merger

10 October 2014 3:13 pm | By Sam Brodbeck

Pension trade bodies plan to join forces to tackle “seismic shifts” in industry.

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