News

The next government should establish an independent pensions commission as soon as possible after the May general election, MPs have urged today.

The Pensions Administration Standards Association (PASA) is forming a Guaranteed Minimum Pensions (GMP) working group in response to the end of contracting out in 2016.

The Association of Member Nominated Trustees (AMNT) has launched an initiative to give schemes more control over the companies they invest in.

Increased consumer choice under pensions freedom coupled with greater potential fraud risk has increased the argument for a single pensions regulator, MPs have said.

Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".

Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.

Insurer Prudential's chief executive Tidjane Thiam is to replace Brady Dougan at the helm of Swiss bank Credit Suisse.

Home Group has seen more than 250 orders for its technology salary sacrifice benefit since it introduced the scheme on Halloween.

Delaying the tightening of pension transfer regulation until after the April pension freedoms could result in two months of confusion and poor decisions, it has been said.

Over half of businesses doubt the effectiveness of the government's guidance guarantee service Pension wise, according to research.