Pensions

There are significant "flaws" in the use of risk profiling tools which could lead to accusations of mis-selling, according to a financial software provider.

Fewer pension scheme members will be offered the chance to transfer out following the introduction of a voluntary code of conduct and changes in how members are advised, law firm Osborne Clarke has said.

Pension savers who do not take advice are more likely to lack retirement planning knowledge and be £200 a month worse off, according to research.

Terry Smith has criticised Nick Clegg's "brain dead" idea to allow parents to use their pension to help their children on the "over-priced" property ladder.

Aviva has launched its auto-enrolment solution to help employers manager their on-going pension responsibilities.

Scottish Widows has launched an auto-enrolment platform, AssistMe, to aid employers as the new pension rules comes in.

FIVE THINGS

People are increasingly turning to friends and family rather than advisers for pensions advice, according to research released today.

The government has responded to union threats of a general strike by refusing any further negotiation of public sector pension and pay reform.

Mattioli Woods' is to operate on a restricted basis after the Retail Distribution Review (RDR) but is still weighing whether to maintain independence on certain products.