News

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.

The Financial Conduct Authority (FCA) can "sympathise" with the pensions industry's frustration over the twin regulatory regime according to the watchdog's chief executive.

The pensions industry must innovate to enable the ageing population to invest in much smarter ways, according to the National Association of Pension Funds' (NAPF) Ruston Smith.

Tesco's pension scheme has invested in the Pensions Infrastructure Platform (PIP) to create better value for its members.

Scan Coin has introduced pension and life insurance benefits for its UK staff.

The Pension Protection Fund (PPF) is developing plans to bring some of its asset management in-house as it expects to see external manager fees rise 50% this year.

Up to £5.5bn is being sat on by retirees who have deferred taking their pensions ahead of the changes coming in this April, according to Origo.

Ian Pittaway has been appointed chairman of Aegon UK's independent governance committee (IGC).

The twin regulatory regime governing the pensions landscape could end up confusing scheme members over their at-retirement choices after April, experts say.

The Pensions Regulator (TPR) has banned two trustees from practice after they took part in an £11m liberation scam.