Retirement

More than 160 employers were issued fixed penalties of £400 last year after The Pensions Regulator (TPR) ramped up the use of its powers for auto-enrolment failures.

Advisers registered with IFA directory Unbiased are to offer free introductory advice sessions to consumers in a bid to stir interest in advice.

Providers fear the regulator's new rules on how they must deal with retirees will leave customers wrongly assuming they have received advice, if details of what is expected of them are not published soon, according to an industry figure.

A Labour peer has attacked the annuity market, claiming it "plays fast and loose" with the regulatory framework.

The regulator's ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.

The baby boom generation looks set to sleep walk into retirement as 40% have yet to begin saving into a pension, research shows.

Providers must consider having a default option for retirees entering decumulation, according to speakers at a National Association of Pension Funds (NAPF) seminar.

The Money Advice Service (MAS)'s retirement advice directory, put in place to support the incoming pension freedoms, has opened for adviser registration.

The Association of British Insurers (ABI) has appointed Yvonne Braun to head up the trade body's long term savings policy, which will include how the industry deals with the incoming pension reforms.

The Financial Services Compensation Scheme (FSCS) has declared one former network and nine other advice firms in default.