Industry

Improvements in the open market option process could help pensioners gain £3.3bn in extra income by 2030 according to research by the Pensions Income Choice Association (PICA).

The government is proposing to scrap the default retirement age of 65 by October next year, it today confirmed.

Unlike former PP editor-in-chief Alex Beveridge, who admitted in his column last week that reading time has become a somewhat rare commodity since the birth of his baby son, I still have some time for light-hearted reading.

It was a good idea, but the execution was dismal.

Not a week seems to go by without the unions disputing the latest cost saving measures by sponsoring employers. The BBC, AstraZeneca and Ford have all been on the receiving end of union venom in the past two weeks alone.

Comedienne, writer, pundit and presenter Sandi Toksvig will host this year's Pension Scheme of the Year Awards.

Morgan Stanley and UBS have joined the Life & Longevity Markets Association.

Nearly four-fifths of scheme managers have welcomed the government's decision to investigate alternative methods of implementing tax-relief restrictions on pension contributions - including reducing the annual allowance to as little as £30,000

Kim Gubler Consulting asked 18 firms to participate in its first actuarial survey, of which 13 responded.

Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.