THE PENSIONS industry needs to simplify and modernise its language if it is to restore the public's faith in retirement savings new research has claimed.
A report published by financial research firm Defaqto suggests that the terminology used by the pensions industry “leaves consumers cold and apprehensive”. Claiming that the very word “pension” is “tarnished...
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.