Pensions

Pensioners' incomes have grown faster since 1999 than those of working age people, the Institute for Fiscal Studies (IFS) has said.

MPs should ditch their gold-plated pension arrangements and move to a defined contribution (DC) scheme, Saga director-general Ros Altmann says.

Pensions minister Steve Webb has vowed to fight potentially "catastrophic" EU plans to impose funding rules to British occupational pensions.

A pensions analyst who authored a report criticising the industry has spoken about the ‘vitriolic' reaction from independent financial advisers (IFAs) to his recommendations.

FIVE THINGS

A report that describes the IFA brand as "irretrievably damaged" has been criticised by adviser trade association, the IFA Centre, which said the report's target was "simply wrong".

UK defined benefit schemes have hit a funding low after combined deficits increased nearly £100bn last month to hit £312bn, statistics show.

Cambridge Local Government Pension Fund and Trinity Hall, University of Cambridge, have launched Cambridge & Counties bank.

Sanlam Fund Solutions (SFS) has linked up with Source Pensions to provide advisers access to investment management advice in the corporate pensions market ahead of auto-enrolment.

Pension saving may be made compulsory if auto-enrolment fails to create a savings culture, a report by an influential think tank is said to argue next month.