Investment

Restrictions on the National Employment Savings Trust (NEST) could be lifted after the government issued a call for evidence on the impact of the constraints.

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m, according to latest figures.

Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, a Centre of Policy Studies report has said.

At retirement specialist Just Retirement has reported record group sales for the first quarter of 2012-2013 of £455.5m, an increase of 36.6% on last year.

CONDENSED

A decision by the Financial Services Authority (FSA) to cut the lower projection rate for some investment products to 2% could deter many consumers from saving, provider LV= said.

The Financial Services Authority (FSA) is to press ahead with its proposed reductions in pension projection rates, despite opposition from providers.

Defined benefit (DB) pension scheme members are being left £2 to 3bn out of pocket every year as trustees and their advisers fail to update the terms offered on tax-free lump sums.

Aegon will transfer the operation of its defined benefit pension schemes to JLT Benefit Solutions under a partnership agreement which will see 100 staff transferred from the life company.

Legal & General (L&G) has reported increased pension assets of £429m in the third quarter as a result of auto-enrolment.