Retirement

The Financial Services Authority (FSA) will have limited powers to regulate the sale of self-invested personal pensions (Sipps) and will have to rely on consumer knowledge to avoid mis-selling, according to the Financial Services Consumer Panel.

Increased compulsion on employers could lead to UK plc becoming less competitive, warns Stewart Ritchie, pensions development director at Scottish Equitable, ahead of the publication of the second Pensions Commission report.

Teleconferencing is being used by Clerical Medical to help IFAs understand the opportunities and issues surrounding A-Day.

One million workers will have to rely solely on the State pension scheme to fund their retirement claims, according to research by B&CE Benefit Schemes.

Norwich Union is withdrawing five of their pension products from the marketplace because of the new pension simplification rules after A-Day.

The biggest concerns for the future for private sector defined benefit schemes are deficits, regulations and Pension Protection Fund (PPF) levies, according to the National Association of Pension Funds (NAPF).

The government is determined to remove unnecessary regulation and simplify regulatory burdens to address concerns of pensions schemes over reforms, Stephen told today's NAPF conference.

Internal controls required by pension funds to promote trustee competency under new pensions legislation, could be made compulsory if trustees and advisers do not actively embrace the guidelines, warns consultancy firm Watson Wyatt.

State benefits will no longer provide the majority of our retirement income within a few years, claims a new report from Prudential.

The Department of Work and Pensions (DWP) is launching a five year research study into whether employees already enrolled in workplace pensions can be encouraged to save more with automatic increases to their contributions each year.