News

Phoenix Life has backed down from demanding a saver get financial advice before it would release his £13,300 pension pot.

The decision to increase public sector employee pension contributions is expected to net the Treasury an extra £2.9bn in 2014-15, according to official figures.

London Pension Fund Authority (LPFA) chairman Edi Truell is to step down to take up a position advising London Mayor Boris Johnson on pensions.

The Pensions Ombudsman (PO) has rejected claims that Capita "unreasonably" delayed a pension transfer out of the Travel Automation Systems Retirement Benefits Scheme into a Guernsey-based scheme.

Top stories on PP online this week include the merger of Just Retirement and Partnership, the rejection of upfront tax relief, and a 50% drop in deficit contributions.

Working life is so demanding that more than half (54%) of Londoners do not book medical appointments because they cannot take time off.

Peter Walker has been appointed board adviser to autoenrolment.co.uk, formerly Smart Pension Master Trust, to help the firm comply with the Master Trust Assurance Framework (MAF).

Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.

Kirsty James and Andrew Worthington have been made associates at Sackers, taking the firm's total number of lawyers to 51.

The amount of tax the government has collected from people breaching the lifetime pension allowance (LTA) has risen by 276% since George Osborne became Chancellor.