News

Capita Employee Benefits has promoted Susan Ring to chief executive, replacing Nick Burns who was appointed chairman of the business.

Women typically receive just £126 in weekly retirement income, which is an income drop of 68% from when they were in the workplace, according to LV=.

The Financial Conduct Authority (FCA) is to investigate about 30 million insurance company policies over concerns that customers are subject to "unfair" conditions.

The key measures announced today

The European Commission has published proposals to overhaul its pension directive, which is intended "improve governance, transparency and cross-border activity".

A 0.75% charge cap will apply to all defined contribution (DC) schemes used for auto-enrolment (AE) from April 2015, pensions minister Steve Webb has confirmed.

A significant majority of employers lack confidence in the accuracy of their absence data and even more do not calculate the total cost of employee health.

Retirees should have access to "specialist basic advice", not unregulated guidance, independent consultant Ros Altmann says.

Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Investment consultants are "making trustees believe in fools' gold" by advocating expensive active strategies says a leading academic.