Association of British Insurers will work with the Financial Services Authority and The Pensions Regulator on a ‘disclosure protocol' for pension charges.
The Department for Work and Pensions has denied rumours it plans to legally enforce the Association of British Insurers' code of conduct on annuities if the industry fails to comply with its recommendations.
Helen Morrissey investigates data transfer delays in annuity brokerage services.
The Department for Work and Pensions will implement a system where small pension pots follow workers when they change jobs.
Labour's latest policy document on pension charges is "hugely misleading" and ill-timed ahead of the launch of auto-enrolment, according to the Association of British Insurers.
Labour leader Ed Miliband has vowed to tackle high pension charges and floated the idea of a 0.5% charge benchmark, in the latest instalment of his campaign against the financial sector.
Prudential Group chief executive Tidjane Thiam has been nominated as the next chairman of the Association of British Insurers.
Pension funds still have "clout" in UK equity markets, despite holding a dwindling proportion of UK shares compared with foreign investors and institutional asset managers, according to the National Association of Pension Funds.
Default funds are firmly in the industry's spotlight after the Association of British Insurers and the Investment Management Association announced joint initiatives to "build standards" in the area.