Industry

The abolition of consultancy charging could open up opportunities for advisers according to Scottish Widows chief executive Toby Strauss.

Pensions minister Steve Webb says current at-retirement processes are outdated and asked whether the industry must "do decumulation differently."

Industry figures could not agree on whether the pensions market should move towards offering fewer, large scale products to employers.

The number of people saving adequately for retirement has hit an all-time low, while aspirations for pension income have risen, a Scottish Widows report has found.

The results of this survey to will provide schemes and sponsors with a peer-to-peer assessment of the different businesses in the market.

This week respondents say they don't expect their schemes to become self-sufficient, voice support for a default fund charge cap, and say the UK system is not fit for the Champions League.

Just one in five contributors believe the UK pension system is of Champions League quality while more than two thirds thought it was worthy of the Thursday night slot on Channel Five at best.

Rachel Dalton explores two shortlisted entries

A number of smaller employers are planning to avoid auto-enrolment (AE) compliance citing the legislation as "designed solely to allow the government to steal more money".

Professional Pensions will put the actuarial, consultancy and administration sectors ‘on trial' at the Pensions and Benefits Show 2013.