News

Mandatory advice on pension freedom cases with guaranteed annuity rates worth more than £30,000 should be scrapped and replaced with a ‘customer control' mechanism delivered through the Pension Wise service, the Association of British Insurers (ABI) has...

Employers hoping to see voluntary overtime excluded from holiday pay calculations are likely to be disappointed after a ruling by the Northern Ireland Court of Appeal.

Standard Life chief executive David Nish is to step down after running the provider for six years.

The International Accounting Standards Board (IASB) has published a consultation on proposed narrow-scope amendments to its pension accounting requirements.

Frank Field has been elected as chairman of the House of Commons Work and Pensions Committee.

Pensions minister Ros Altmann is disappointed that many providers have failed to offer the full range of pension freedoms to their customers.

The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.

Nikesh Patel has been appointed to PwC's pension investment advisory business.

People looking to trade in their annuities for cash should be obliged to take independent financial advice, industry pundits agree.

Stephen Worthington has been appointed interface manager by MyCSP at its head office in Liverpool.