STATE PENSION

The Pensions Regulator (TPR) has forbidden auto-enrolment into small defined contribution (DC) and high-charging legacy schemes.

Politicians on both sides of the house have cautiously backed the industry code of conduct on charges as a first step to improving transparency.

STATE PENSION

Money being channelled through an insurer's platform into external funds under auto-enrolment (AE) could put members' pensions at risk if the fund provider went bust, Standard Life has warned.

A cut to the annual allowance in the Autumn Statement would hit middle-class savers who increase contributions to their pension pot later in life, the industry warns.

The government can lift the restrictions on the National Employment Savings Trust (NEST) without "offending" European Union (EU) state aid rules, the shadow pensions minister has claimed.

The National Employment Savings Trust (NEST) has lost out on major corporate business because of the restrictions placed on it by the government, according to chief executive Tim Jones.

Restrictions on the National Employment Savings Trust (NEST) could leave medium-sized employers with only one provider to choose from for auto-enrolment, the pensions minister has said.

Defined benefit (DB) pension scheme members are being left £2 to 3bn out of pocket every year as trustees and their advisers fail to update the terms offered on tax-free lump sums.