Retirement

Members could be losing money because administrators are taking longer to process defined benefit (DB) pension scheme transfers, according to experts.

Will regulated advice suffer a blow?

Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.

The National Employment Savings Trust (NEST) will review its investment strategy over concerns outcomes for members in its default fund could be affected by 2014 Budget.

The Pensions Advisory Service (TPAS) is planning to target savers who have indicated they plan to make full use of the pension freedoms outlined at Budget 2014, to warn them of the dangers of doing so.

A third of employees think firms which offer a pension scheme should also offer access to full financial advice in the workplace, research from Scottish Widows suggests.

Prudential has launched an online modelling tool aimed at giving customers more clarity on their retirement planning.

‘An accident waiting to happen’: Why drawdown retirees need more than guidance

Research has put a monetary value of £100 a month on retirement advice, while claiming evidence shows people save more when advised earlier on in life.

The Treasury is to establish a dedicated guidance guarantee operation for face-to-face meetings separate from The Pensions Advisory Service (TPAS), Michelle Cracknell has said.