News

There is a risk that pensioner poverty will increase after the implementation of freedom and choice from next month, according to a leading think tank.

Kate Byers and Lucy Herbert have been hired by law firm Irwin Mitchell.

More than half of company decision makers admit that they believe women of childbearing age are discriminated against because they may have a child in the future.

The Pension Liberation Industry Group has published a code of good practice for combating pension scams to help trustees dealing with suspicious transfer requests.

The pensions industry supports a default option when members hit retirement according to a consultation by the National Employment Savings Trust (NEST).

Asset price volatility means pensioners on drawdown could suffer annual income drops of up to 50% which could hit living standards, warns the International Longevity Centre-UK (ILC-UK).

Plans to allow pensioners to sell their annuities for cash must be considered carefully to prevent rip-offs and poor deals, industry participants have warned.

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

The industry is sceptical about providing a default retirement option, with two thirds believing members' pots should stay invested until they make a decision, according to PP research.

EU Commissioner Lord Jonathan Hill has given reassurance that he will have the last say over controversial EU proposals on scheme funding.