Investment

The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

The Pensions Ombudsman has ruled against a complainant who argued part of his pension should be classified as defined contribution to protect it from Pension Protection Fund reductions.

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, the Department for Work and Pensions says.

CONDENSED NEWS

Pension savers who have acted to protect their lifetime allowance through fixed protection could lose the benefit if they are covered by scheme life insurance.

Teachers and college lecturers in London are staging strike action today over changes to their pensions.

The average retired person has more than £8,000 of personal debt to repay - with the collective total for the country reaching £96bn, analysis has found.

In this week's quick fire poll we ask: the ‘granny tax' has caused great controversy in the media with many commentators saying it is yet another example of pensioners being penalised.

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

The National Employment Savings Trust has finalised its opt-out process ahead of the introduction of auto-enrolment later this year.