Pensions

The Financial Services Authority's (FSA) plan to raise the amount of capital self-invested personal pension (SIPP) providers have to hold will spur further consolidation in the market, the chairman of Mattioli Woods has said.

Financial planning firm Henwood Court has written an open letter to Chancellor George Osborne calling on him to abandon auto-enrolment for firms with fewer than 50 employees.

Origen Financial Services is to launch a restricted advice proposition for the workplace market in the new year.

RETIREMENT

Fiona Murphy asks what the FSA's capital adequacy consultation means for the SIPP industry

Aegon has launched a range of lifestyle funds to better cater for clients saving for retirement during ‘constrained economic conditions'.

An IFA has said at least two of his advisers and one of the accountants he works with have been cold called by firms trying to sell them and their clients pension unlocking schemes.

FIVE THINGS

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.

Young people in Britain are saving nearly one fifth of their monthly disposable income, which is more than any other age group - but only 12% are using this money to save for retirement, according to research by asset manager BlackRock.