The planned cap on annual management charges (AMC) for pension schemes is too narrow and risks bringing an "artificial" element to the market, Scottish Life has said.

The self-invested personal pension (SIPP) market is in a ‘Mexican stand-off' situation with the regulator as it awaits capital adequacy regulation and the outcome of the third thematic review, a provider has said.

Two-thirds of advisers think the annuity system is "failing consumers" which is leading many to consider drawdown as an alternative route for clients, according to Skandia's latest adviser poll.

Shares in Just Retirement have been priced at 225p each ahead of its initial public offering (IPO), based on a market capitalisation of £1.1bn.

Phoenix clients with low paying annuities can switch out for a cash lump sum under a recently launched pilot project.

Provider Scottish Life could exit the auto-enrolment pension market in 2015 as the looming ‘capacity crunch' hits.

Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.

Advisers who use a single investment platform for all their business can still be independent and the regulator's stance on the issue has not changed, according to the Financial Conduct Authority (FCA).

It is unlikely clients would understand the label 'restricted whole of market' so advisers should avoid the term, Rory Percival has said.

Better management of investor anxiety during periods of volatility is essential to helping clients maximise the potential of their investments, delegates at the Personal Finance Society (PFS) heard.