ABI

Rachel Dalton examines Steve Webb’s plan to make annuities more consumer-friendly

Maggie Craig will join the Financial Conduct Authority (FCA) as an adviser across a range of policy matters, including pensions, from 27 January, a spokesman has confirmed.

Labour pensions spokesman Gregg McClymont has denounced pensions minister Steve Webb's suggestion of switchable annuities as a "non-starter".

Pensioners should be able to switch their annuity contract in a similar way to switching mortgages, Steve Webb has said.

The Financial Services Consumer Panel (FSCP) has urged the Financial Conduct Authority (FCA) to create requirements for employers and trustees of workplace schemes to provide annuity services for members.

A group of industry bodies has launched an institutional investor forum on the back of the Kay Review which aims to boost collective engagement between listed companies and asset owners.

The Association of British Insurers (ABI) has called on pension experts for their views on the UK's retirement needs.

The use of an annuity broker at retirement could be written into the latest version of the Pensions Bill after Labour tabled an amendment to the legislation.

The Association of British Insurers (ABI) has announced changes that will see the departure of three members of its executive team.

The Pensions Regulator (TPR) says attempts by the industry to make charges attached to schemes and administration more transparent "don't go far enough".