The Trades Union Congress

Retirees are increasingly exposed to fraudsters since the pension freedoms were introduced due to the high cost of advice, according to the Trades Union Congress (TUC).

The National Employment Savings Trust (NEST) has confirmed it will lift restrictions on trustees as part of its response to the consultation on planned scheme rule changes.

There is no low cost solution for retirees or any idea of how and when it will be provided according to London Business School executive David Pitt-Watson.

Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.

PP looks at the pros and cons of pooling risk

The pensions industry has rejected government proposals to tinker with auto-enrolment (AE) earning thresholds and called for a complete overhaul.

Labour has urged the government to ensure none of the 320,000 savers expected to take advantage of pension freedoms are exposed to "rip off charges".

Lord John Monks has branded the use of band earnings to calculate auto-enrolment contributions an "injustice" and said the government was "committed to excluding the low paid" from the initiative.

The industry is not satisfied with efforts to improve contract-based governance

The Pensions Regulator (TPR) has defended its draft guidance on defined benefit (DB) funding after the Trades Union Congress (TUC) and Confederation of British Industry (CBI) criticised the code.