New regulations banning trustees of collapsed pension schemes from bulk-buying annuities for members have been backed by an independent trustee.
Bridge Trustees director Giles Orton – who is also head of pensions at law firm Eversheds – said stopping annuitisation would make sure remaining assets were used more effectively. The regulations...
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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.