MPs have criticised the Department of Work and Pensions (DWP) over its communication of pension reforms and called for urgent changes to the information being sent to people approaching retirement.
Malcolm McLean looks at what 2016 holds for the pensions industry.
People drawing retirement income from annuities will be able to sell their contracts from 6 April 2017, the government has confirmed.
Regulator code aims to simplify legislation for trustees
Insurers completed bulk annuity transactions of £2.5bn in the third quarter, bringing total benefits insured in 2015 to around £6.9bn.
Almost 5.5 million people in 60,000 firms have been automatically enrolled since 2012, according to the latest government figures.
Almost 5.5 million people in 60,000 firms have been automatically enrolled since 2012, according to the latest government figures.
Baroness Altmann said that there was "so much misconception" around the flat-rate state pension, and admitted the changes were "mis-sold".
The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has appointed Towers Watson to provide fiduciary management services to the £850m scheme.
The Department for Work and Pensions (DWP) has been criticised for spending more than £8.5m on a campaign to promote awareness of auto-enrolment.