ABI

The Association of British Insurers has downplayed the impact of charges on pension pots, pointing instead to the importance of increasing contributions and saving earlier.

Cash incentives should be offered under "no circumstances" in enhanced transfer value exercises, an industry code of conduct warns.

The National Association of Pension Funds has launched a public consultation on the scope of its "pounds and pence" charging code of conduct, proposing adherents produce a two-page disclosure document for members.

Barclays has bowed to pressure from shareholders before its annual general meeting by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.

Seven industry bodies have written to Steve Webb strongly criticising the government's proposals on Guaranteed Minimum Pension equalisation and calling for equalisation guidance put forward in January to be scrapped.

The National Association of Pension Funds has added its voice to growing shareholder opposition to Barclays' pay packages.

The Association of British Insurers has joined the shareholder revolt over Barclays chief Bob Diamond's £17.7m pay deal.

The pensions industry has welcomed the Department of Business, Innovation and Skills' (BIS) proposals to tackle excessive pay through increased shareholder influence.

The Association of British Insurers' compulsory code for annuity providers has been welcomed by the industry and triggered calls for similar requirements for trust-based schemes.

The Association of British Insurers has launched its compulsory code of conduct for members on providing information to customers about annuities.