UK - The Financial Services Authority has published a range of proposals designed to ensure fairer treatment of investors in with-profits funds.
The rules, which are open to consultation, cover issues such as payouts, surrender values, market value reductions and the process for re-attribution of inherited estates.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.