Fund managers' and pension funds' dedication to pursuing short-term investment goals is causing severely reduced returns, a panel of MPs heard.

The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.

Bank of England governor Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.

State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.

Ros Altmann is to step down from her post as director-general of Saga.

Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.

The government has confirmed it will consult on proposals to make the process of automatic enrolment simpler.

The National Employment Savings Trust has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

Details of the thematic review of the £11bn annuity market have been revealed by the Financial Services Authority.

The annuity market will come under investigation by the Financial Services Authority later today when a major review is announced.