Retirement

The Government should help improve education in the workplace and encourage auto-enrolment instead of focusing on the administration of a National Pensions Savings Scheme (NPSS), claims research from Winterthur Life.

The Investment Management Association (IMA) are supporting proposals for a National Pensions Savings Scheme (NPSS), instead of submitting an alternative model.

"Partnership Pensions" is the Association of British Insurers' (ABI) alternative to the National Pension Savings Scheme (NPSS) which they are submitting to the Government today.

The Conservatives and the Liberal Democrats have attacked the government for giving out mixed messages over the role of advice in pensions.

The Association of British Insurers (ABI) has admitted the costs of the National Pension Savings Scheme (NPSS) or any alternative can only be reduced by removing the need for large upfront commissions paid to advisers.

Britain is leading Europe in retirement planning, with a low starting age for saving and a higher proportion of workers seeking financial advice, claims AXA.

Removing the RU64 rule and introducing a National Pension Savings Scheme (NPSS) type model into the pensions market could lead to "mis-selling on a significant scale" , according to the Financial Services Consumer Panel.

Members of the National Association of Pension Funds (NAPF) will now have access to a new mediation service to settle disputes.

Proposals for the funding of pension scheme deficits could cost employers up to £27bn, claims research from the Association of Consulting Actuaries (ACA).

Clear, credible financial advice is an important factor in encouraging low and medium earners to save, claims Stephen Timms, minister for pensions reform.