Retirement

The Association of British Insurer's (ABI) alternative to the National Pension Savings Scheme (NPSS) would aslo eliminate the need for advice based interviews, Lord Turner told the Treasury Select Committee today.

Confusing protection application forms published by Her Majesty's Revenue and Customs (HMRC) has resulted in nearly a third of applications being rejected, according to the latest newsletter from the department.

The Association of Independent Financial Advisers (Aifa) has called on the government to consider the role of advice in the pensions debate, or risk a policy failure.

The Treasury has denied media reports it proposed a pension compromise plan to offer earnings-related pensions to those over the age of 75.

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Tax planning

State pension reforms proposed by the Pensions Commission are too complex, while the introduction of a National Pensions Savings Scheme (NPSS) could lead to small firms closing schemes altogether, claims a new survey from the Association of Consulting...

The European Parliamentary Financial Services Forum (EPFSF) has suggested the EU Directive on the portability of occupational pensions could add significant costs to employers or even worse result in scheme closures.

The Trades Union Congress (TUC) has stated no real reform of pensions will work unless the state pension is linked to earnings.

Although the Conservative Party's pension policy is still under review, the party is likely to still support the scrapping of compulsory annuities, Nigel Waterson, shadow minister for pensions has told IFAonline.