Retirement

James Purnell, the minister for pensions reform, has criticised reports the government is planning to scrap the Financial Assistance Scheme.

Almost half of employers feel defined contribution (DC) pension schemes only work 'fairly well' for employees.

The cost of running the Pensions Regulator over the next year is estimated to be almost £28m.

HM Revenue and Customs have issued revised rules on stand-alone pension lump sums in an effort to ‘plug various loopholes'.

The department for work and pensions has published draft regulations for the extension of the Financial Assistance Scheme.

Selling a home to help boost retirement income will not be a ‘viable solution' for most people, claims research by Mercer Human Resource Consulting.

Government departments should work closely with organisations such as Citizens Advice and the Resolution Foundation on finding ways to provide clear generic advice on personal accounts.

Winterthur Life is calling on the government to drop its opposition to Alternatively Secured Pensions, which it calls a ‘ludicrous state of affairs'.

The Department for Work and Pensions (DWP) has launched an online pensions porum to help build a consensus around the white paper proposals.

Latest figures from Prudential's Retirement Index show more than one million pensioners have debts averaging over £15,000.