The industry has broadly welcomed the Treasury's upcoming consultation on allowing savers early access to their pension pots.

A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.

Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.

The government is expected to announce draft pensions tax legislation tomorrow as part of the 2011 Finance Bill.

Telehouse has appointed Goddard Perry Consulting to service its £3.5m group personal pension plan.

UK - An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.

An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.

The Pensions Regulator has reinforced its concern employers are placing excessive pressure on members over enhanced transfer value exercises, outgoing chairman David Norgrove says.

UK - The UK private pension system is "not fit for purpose" and "hugely inefficient", research by the Royal Society for the encouragement of Arts, Manufactures and Commerce finds.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.