This week, Deputy Prime Minister Nick Clegg said the government would consider allowing parents and grandparents to use the value of their pensions to help their children or grandchildren buy houses.
There is very little detail as to how this would work, but it seems to centre around using lump sums to guarantee a deposit for first-time house buyers – giving banks a call on the money, once the guarantor...
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.