The coalition government's cuts to child benefit for anyone earning over £44,000 is ‘a worry' and answers from the Treasury are ‘not good enough', pensions minister Steve Webb has been caught saying.
The government has hit problems with the reform of the state pension due to contracting-out complications and will now delay releasing its planned consultation, Ros Altmann says.
Standard Life has been ordered by the Pensions Ombudsman to reconsider its decision to pay pension benefits to a deceased policyholder's mother instead of his ex-wife.
Prudential deputy chief executive Barry O'Dwyer has welcomed the Treasury's new draft rules for retirement options, but warns there may be problems ahead for value guaranteed annuities.
Access to new flexible drawdown pensions will be restricted to people with a lifetime pension income of a minimum of £20,000 a year, the Treasury says.
Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.
Legal & General has launched the WorkSave Choice platform and the WorkSave Pension Trust to help companies cope with auto-enrolment.
UK - Increased life expectancy published by the Continuous Mortality Investigation will add an extra £5bn ($7.8bn) onto UK pensions and spark a wave of longevity trades, Aon Hewitt says.
Increased life expectancy published by the Continuous Mortality Investigation will add an extra £5bn onto UK pensions and spark a wave of longevity trades, Aon Hewitt says.
A group of 13 opposition MPs have called on the government to delay switching to the CPI index for public sector pensions until further research has been conducted into pensioner spending.