The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.
In the committee's Pension Freedoms report published in April, MPs recommended every pension provider offering a drawdown product must, by April 2019, offer a default decumulation option. Today the...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests