News

Pensions Minister Steve Webb says he remains committed to defined ambition (DA) despite the Budget scrapping restrictions on how people take their pensions income at retirement.

Steve Webb would be "nervous" about providers playing a part in the Chancellor's guidance at retirement pledge.

Employee benefit consultants are failing to recommend master trusts because of a lack of financial gain for advisers, The Pensions Trust says.

The government has extended the length of time savers who have recently taken their tax-free lump sum have to decide how to use the rest of their pension pot.

Local Government Pension Scheme (LGPS) funds could disinvest from tobacco stocks if they substitute shares with similar returns, according to a legal expert.

The insurance industry is capable of cost effectively delivering the Chancellor's ‘retirement advice for all' pledge, but passing the "impartially test" would be challenging, Otto Thoresen has told MPs.

The Institute and Faculty of Actuaries (IFoA) has launched an actuarial professional qualification and membership category to support increased demand for analysts.

The Association of Member-Nominated Trustees (AMNT) is set to launch its revamped website in May.

Just Retirement has completed a £36.5m medically underwritten buy-in with a shipping firm and says it is on target to write £80m of bulk annuity business in the year to June.

The Institute and Faculty of Actuaries (IFoA) has appointed LCP partner Fiona Morrison as president-elect after years of volunteering for the organisation.