Scottish Widows

The pension system is still penalising women

Only half of all women in the UK are saving enough for their retirement, while nearly a quarter are saving nothing at all, research finds.

Scottish Widows has entered the bulk annuity market and expects to announce its first deal in the coming weeks.

The Pension's Regulator (TPR)'s lack of power to discipline master trusts could lead to bad outcomes for members according to the Pensions Policy Institute (PPI).

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Providing a pension scheme without additional support and financial education is "becoming insufficient", Scottish Widows warns.

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to one provider.

Former Standard Life head of workplace proposition Ann Flynn has joined Towers Watson as a senior consultant.

Consumer group Which? wants the Financial Conduct Authority (FCA) to take action to simplify drawdown charges to make pensions freedom and choice retirement income options easier to understand.

The biggest stories on PP this week involved a threat to salary sacrifice from the Chancellor, pension scam firms in court and retirement savings hitting a record high. Here's what you might have missed.