Investment

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.

In this week's quick fire poll we ask: Are advisers risking a "great opportunity" unless they finalise and promote auto-enrolment propositions?

The cost of registering a lasting power of attorney (LPA) has been reduced from £130 to £110, the government has announced.

NEST Corporation, the trustee body that runs auto-enrolment pension scheme NEST, has been defrauded out of more than £1.4m, it has revealed.

Membership of private pensions has hit a new low, according to the Office for National Statistics.

The current pension tax relief set-up offers significant advantages over ISAs but is poorly understood by savers and ‘radical alternatives' should be explored, a report has concluded.

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

Advisers should finalise and promote their auto-enrolment proposition now or they risk missing a "great opportunity", according to NEST.