Investment

The number of households receiving Pension Credit in April hit 2.45 million in April, which means the Department of Work and Pensions is now more than halfway towards its target of 4 million households.

IFAs could soon face tough old competition if Virgin Money has its way.

The Occupational Pension Schemes Regulatory Authority has published its new guidelines for trustees in the hope the rules will help people make the right decisions when dealing with underfunded defined benefit schemes.

Relatives of those dead for more than two years ahead of A-day could see the deceased's death benefits subject to a 40% tax charge, says Steve Bee, Scottish Life head of pensions strategy.

The Association of British Insurers has accused journalists of conducting "financial terrorism", and says the insurance industry has been unfairly blamed for the current lack of confidence in the long-term savings industry.

Employers searching for advisers on behalf of staff should look to the personality factor as much as the CV when deciding who to use, says the Association of IFAs.

Chief executive of Zurich Financial Services Lawrence Churchill is to become the first chairman of the Pensions Protection Fund, Secretary of State for Work and Pensions Andrew Smith MP revealed last week.

Figures published by the Association of British Insurers show the overwhelming majority of Brits either totally or partially distrust the government to provide decent pensions policy.

A study of asset allocation by 360 UK pension schemes with assets totalling £112bn has found 20% are putting all new contributions into bonds alone, says consultant Mercer.

The Department for Work and Pensions has just released details of a proposed amendment to the Pensions Bill, which would provide £400m over 20 years to workers of companies that went bust and left them without pension savings.