Trustees have been warned of the risk of litigation involved in transferring members to schemes that offer drawdown.

The Treasury expects to net an extra £3.9bn between 2015 and 2020 as a result of tax reforms designed to facilitate the Budget freedoms.

The cost of implementing the 0.75% charge cap has already overshot expectations from the Department for Work and Pensions (DWP).

The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.

Proposals to restrict the use of dealing commissions to pay for investment research have been rebuffed by the Investment Management Association (IMA).

Grant Thornton has announced the appointment of Kevin Hollister as associate director within its pensions advisory business.

Barnett Waddingham has expanded its investment consultant team to 40 with the appointments of Rebecca Carse and Simon Cohen.

Warren Buffett issued a warning against active management in the last annual report from Berkshire Hathaway

The economy topped its pre-crisis peak after growing 0.8% in the second quarter, according to an estimate from the Office for National Statistics (ONS).

The Association of Corporate Trustees (TACT) has appointed Mark Homer as chairman of its pensions committee.