Stripping insurers of their right to sell annuities at the end of a policy term would force retirees to shop around, experts claim.
Firms have had a regulatory obligation to inform policyholders about the open market option since 2001. But latest figures from the Association of British Insurers show that nearly 70pc of retirees...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.