Retirement

In a 47 page report, the DWP denies claims put forward by Ann Abraham, the Parliamentary Ombudsman, that it was guilty of three instances of maladministration, two regarding information provided to consumers and trustees, and the third over its decision...

Ministers from the Department for Work and Pensions (DWP) plan to meet key stakeholder groups from the industry, employers and trade unions in advance of a new pensions summit on the National Pension Savings Scheme (Npss) to be held next month.

Around 25% of companies named in the FTSE 250 index could in theory pay off their defined benefit (DB) pension deficits within a year using discretionary cashflow, claims research from KPMG.

Adair Turner believes the proposals put forward in the pensions white paper on state reform are a "reasonable compromise", and is pleased the government did not bow to pressure to remove contingent compulsion for employers in its plans for personal accounts....

IFA firm Origen has attacked senior executives in large UK companies for protecting their own final salary pension schemes while closing the same pension arrangements to new staff and denying further accrual of benefits to less senior current employees....

The government would like to see the arrangements for low cost personal accounts to be kept at "arms length" from the state when more details are released in a technical paper scheduled for the Autumn, claims the Minister for Pensions Reform.

Over 75% of IFAs expect to see their business to grow in the next six months due to the impact of A-Day, research from Winterthur Life reveals.

The Pensions Regulator has published a discussion paper putting forward new proposals on the content of scheme reports and accounts to be included in the next Statement of Recommended Practice (SORP) for pensions.

An education and communication programme for members of both defined benefit (DB) and defined contribution (DC) occupational pension schemes is being offered by Mercer Human Resource Consulting as part of its all-in-one retirement service.

Defined benefit (DB) schemes could benefit from smaller deficits if changes are made to rules governing scheme surplus refunds, says BDO Stoy Hayward Investment Management.