Tax relief on retirement savings should be cut and pensioners should have to pay National Insurance contributions, according to a think tank.

Shares in Just Retirement have been priced at 225p each ahead of its initial public offering (IPO), based on a market capitalisation of £1.1bn.

Pensions minister Steve Webb's move to ban commission and active member discounts (AMDs) is a "seismic" shift for providers and will drive a completely new business model for advisers, Aviva has said.

Pension savers in defined contribution (DC) schemes could see their pots increase by a third if the government moved to introduce collective DC schemes, according to a report.

Standard Life's sales of long term savings products increased significantly in the first nine months of the year on the back of auto-enrolment.

The use of an annuity broker at retirement could be written into the latest version of the Pensions Bill after Labour tabled an amendment to the legislation.

It should be mandatory for small self-administered pension schemes to have a professional trustee to avoid potential devastating tax charges, a provider has said.

The Financial Conduct Authority (FCA) will push ahead with its annuity market probe, and investigate if providers' profit margins are ‘high', despite industry murmurings self-regulation goes far enough.

Government policies aimed a reducing the liability of the state for supporting people in retirement could fail due to being managed across different departments, auditors suggest.

The National Employment Savings Trust (NEST) has picked Legal & General Investment Management to run two real estate mandates.