Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.

Product providers should have no role in delivering free retirement guidance, following the 'advice for all' proposals in the Budget, Legal & General (L&G) chief executive Nigel Wilson has said.

Architas, Invesco and Novia are among the financial services groups already signed up for the fourth annual Funds Industry Football Charity Shield in June.

As many as ten million pension savers will increase their contributions to take advantage of greater at-retirement flexibility announced in the Budget, according to research.

Labour is set to announce plans that would see an extra 1.5 million workers automatically enrolled into a pension scheme.

Hector Sants, who headed the Financial Services Authority (FSA) for five years, has introduced a Church of England 'advice' scheme aimed at helping those in "financial distress".

Figures showing insurance companies declined fewer than 3,500 of more than 102,000 protection claims last year "shatter the illusion" that providers don't pay, according to stakeholders.

James Hay Partnership is to take on Capita's self-invested personal pension (SIPP) book, subject to agreement with each holder.

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