The government is looking into exit fees levied on people cashing in their defined contribution (DC) pots, but has as yet no plans to intervene, says Steve Webb.
The Law Commission has called on the government to explore regulating investment consultants.
The build-it-yourself approach to pensions is an expensive and unsatisfactory experience, says Con Keating
Rachel Dalton says insurers should already know what good governance looks like
Henry Tapper asks what pension costs should be disclosed, and to whom
Helen Morrissey thinks its time for action on the retirement market
The Office of Fair Trading (OFT) has appointed leading figures from the pension industry to the board that will oversee the audit of defined contribution (DC) legacy schemes.
Pensions minister Steve Webb has called on the Association of British Insurers (ABI) to conduct its audit of high-charging legacy schemes "far faster".
The Office of Fair Trading's (OFT) report into the workplace defined contribution (DC) savings market highlighted some stark concerns over charges.
Rachel Dalton looks at the ABI's annuity rate window