ABI

The government must concentrate on deregulation and communications to make it easier for employers to provide good quality pensions and for people to save more, the industry says.

The government has set out its intention to "transform pension saving" with the launch of a green paper consultation on a flat-rate state pension.

The Hutton Report has been welcomed by the industry, which claims it could increase pensions for the low paid, but left unions warning of industrial action.

Aegon UK chief executive Otto Thoresen has been appointed as director general of the ABI and will take up his new role on April 4.

Jonathan Davis, who was announced as the ABI director of investment affairs in November, has revealed he will not take up the role after all.

People saving for retirement are losing faith in property as a means to supplement their pensions, a study by the Association of British Insurers shows.

Pension providers have been told to make sure they encourage customers to shop around before offering them an annuity.

Trustees should interrogate their fund managers more to challenge the industry status quo on governance issues, the former city minister says.

The Association of British Insurers has slammed a report attacking UK pension charges by leading scheme manager David Pitt Watson as "misleading" and "false".

The UK Stewardship Code will increase collective engagement by pension funds and give institutional investors more oversight in the boardroom, say Legal & General Investment Management.