News

The state pension will be an adequate safety net if people make bad decisions when pension freedoms come in from April 2015 according to Prime Minister David Cameron.

Transfers from defined benefit (DB) to defined contribution (DC) schemes as a result of changes introduced in the Budget could cut £15bn from FTSE 350 scheme liabilities, says Hymans Robertson.

The Citizens Advice Bureau and The Pensions Advisory Service (TPAS) will deliver the government's guidance guarantee, but the Money Advice Service (MAS) appears to have been dropped as a provider.

Pensions may no longer be the best option for retirement savings on their own as employers admit they are looking at other more suitable options.

Many schemes are run by people who lack the expertise and skills for the role according to European Insurance and Occupational Pensions Authority (EIOPA) chairman Gabriel Bernardino.

Which charges in default funds will be capped from April?

Liverpool has been alive with industry figures attending the National Association of Pension Funds (NAPF) annual conference this week, and here are the top ten stories from the event.

The government has published draft regulations to introduce minimum governance standards for workplace pensions and a 0.75% charge cap on default funds.

What schemes have to do and when

Employers are much more optimistic about the pension reforms than their workers, according to Towers Watson retirement practice head Peter Rowles.