Industry

Concerns over an auto-enrolment (AE) capacity crunch in early 2015 have been compounded by the announcements made in the Budget 2014, say consultants.

Partnership has taken immediate action to control costs after predicting its individual annuity sales would fall 50% following the Budget.

The industry wants government departments to work together more closely to avoid undermining the pension system through inconsistent policies.

Workers who have been auto-enrolled do not have high expectations for their pensions, with just one in five believing they will save enough to retire in comfort, research finds.

There are just three days left to register for Pensions and Benefits UK, which will be held on 20-21 May at the Queen Elizabeth II Conference Centre in the heart of Westminster.

More than a quarter of pension funds expect to reduce their exposure to domestic and global equities over the next 12 months, according to research.

Respondents to PP research have dismissed suggestions that people should change the way they think about pensions, and called for scheme managers to have a role in guiding members.

Respondents to PP research firmly rejected suggestions that people should stop thinking of pensions as providing an income for life.

The industry thinks pension managers should be able to give guidance to members, according to research carried out by PP.

Malcolm McLean predicts politicians will target tax relief in the run-up to next year’s general election