Pensions

Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.

FIVE THINGS

An overwhelming majority of consumers think investment and pension fees should be subject to a transparency law, according to a survey released today.

IFAs believe those with pension pots of less than £65,000 are unlikely to pay upfront for advice, according to research by Axa.

Legal & General (L&G) has appointed Simon Gadd as chief risk officer, and Kerrigan Procter as managing director of the group's annuities business.

Advice to opt out of state earnings-related pension schemes (SERPs) tops the list of complaints at claims management firm Open Resolution.

The Department for Work and Pensions has promised a better working relationship between the Pensions Regulator (TPR) and the Financial Services Authority (FSA) and said joint thematic reviews are planned.

Andrew Roberts, partner at Barnett Waddingham, the independent actuaries and consultants, calls for a "ceasefire" from all political parties on pensions and for them to work together to create a stable system.

Retirement Planner's round-up of the week's top pension stories.

A group of 22 pension schemes has dropped a High Court case against Henderson Equity Partners for breach of mandate, after the fund manager agreed to pay legal costs.