There appears to be genuine division within the industry over whether or not the Budget freedoms should be extended directly to defined benefit (DB) members.
On the one hand, they can already take a transfer value and move into a defined contribution (DC) arrangement to get the flexibilities. On the other, this is somewhat prohibitive as it forces them to take...
This week's edition of Professional Pensions is out now
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.