Investment

The High Court hearing into the legal status of nine suspected liberation schemes has been adjourned until the autumn, The Pensions Regulator (TPR) has confirmed.

Tighter controls are needed to prevent SSAS being used as pension liberation vehicles.

A million workers have now been automatically enrolled into a workplace pension scheme, the government has said.

Pensions firms are calling for a list of registered pension providers in the UK so insurers can crack down on pension liberation scammers operating outside of the law.

The average 30 year old should save £824 a month into a pension to retire comfortably at 65 according to deVere Group..

HSBC will no longer offer its Workplace Retirement Services (WRS) through external advisers, it has confirmed.

A pension liberation website - Pension Cash Now - has had one of its adverts banned by the Advertising Standards Authority (ASA).

The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.

Steve Bee is calling for the simplification of pension tax relief, arguing all savings should be taxed at their deferred rate when drawn as income.

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