Retirement

Despite the government delaying the implementation of age discrimination regulations on pensions, the effects of the legislation are still unclear.

Synesis Life has appointed Capita Hartshead as its long term third party administrator.

Axa has announced it will keep the Winterthur brand in the individual personal pension and investment markets although it will combine group pensions into a new unit.

Generic advice will not be enough to stop people making "incorrect choices" on personal accounts, says the Financial Services Authority.

The Conservatives have failed to spell out any specific pension proposals in the interim report from its Economic Competitiveness Policy Group.

The ASP hoo-ha that developed following Ed Balls' comments in July at last seems to be dying down. Attention has now turned to the much more important topic of personal accounts.

Judging by the number of responses which have been coming out this week, the consultation on the pensions white paper must be one of the most popular held by the Department for Work and Pensions.

Paymaster, one of the hopefuls for administering personal accounts, says it favours the model put forward by Lord Turner because the overall potential return on investment will be around 9% higher than under the industry model.

Personal accounts might not introduced after all once Tony Blair leaves office, suggests the chief executive of the National Association of Pension Funds.

The pension white paper proposals will help ease the problems with the state pension system but it won't solve them, says the Pensions Policy Institute.