The pensions industry supports a default option when members hit retirement according to a consultation by the National Employment Savings Trust (NEST).

Actuarial firms have become more competitive in the UK but the scope of services and charges varies. Michael Klimes investigates

The industry is sceptical about providing a default retirement option, with two thirds believing members' pots should stay invested until they make a decision, according to PP research.

Bernard Abrahamsen is leaving M&G Investments after 13 years as head of institutional distribution within the fixed income business.

Up to £5.5bn is being sat on by retirees who have deferred taking their pensions ahead of the changes coming in this April, according to Origo.

Ian Pittaway has been appointed chairman of Aegon UK's independent governance committee (IGC).

Andy O'Regan has been appointed executive scheme manager by the Pensions Trust.

The Pensions Administration Standards Association (PASA) is forming a Guaranteed Minimum Pensions (GMP) working group in response to the end of contracting out in 2016.

The Association of Member Nominated Trustees (AMNT) has launched an initiative to give schemes more control over the companies they invest in.

Pension wise will be available from over 500 locations across England and Wales according to the Citizens Advice Bureau (CAB).