The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.

Tenet Group has been invited to join the Department for Work and Pensions (DWP) Intermediaries Forum to help achieve more effective education and implementation of auto-enrolment.

Almost 15 million people are making no effort to save for the future, while eight million have no savings to their name at all, according to research released today.

Legal & General (L&G) has increased protection against pension liberation outfits after The Pensions Regulator (TPR) and other bodies highlighted the plight of people taken in by such schemes.

MOVERS & SHAKERS

Changes to regulations around income drawdown could result in women soon being able to take a 40% larger income from their plan, according to one provider.

The number of pension transfers to qualifying recognised overseas pension schemes (QROPS) during 2012 was up 35% at deVere Group.

LTC

Axa Wealth has reported significant growth on its Elevate platform, with assets up 51% from £3.5bn to £5.3bn.

The Financial Services Authority (FSA) has defended its role in the LIBOR fixing scandal after being criticised by MPs.