Retirement

Retirees with small pots should be allowed to draw down savings as fixed-term pension to enable them to defer taking a state pension, says the Association of Consulting Actuaries (ACA).

Pensions minister Steve Webb has confirmed the cap on auto-enrolment (AE) schemes will be delayed until April 2015.

HM Revenue & Customs (HMRC) should reinstate the use of a permitted investment list across the pensions industry to protect the end consumer from further scandals, according to London & Colonial (L&C).

PENSIONS

In this week's quick-fire poll we ask: Should pension saving be compulsory?

The Equitable Life Payment Scheme (ELPS) has paid out £816m to 717,600 policyholders.

The Financial Services Compensation Scheme (FSCS) has promised to be more communicative with the industry that pays for it.

Paying into a pension should be compulsory in the same way as paying taxes for public services, according to a new study.

The Association of British Insurers (ABI) and Department of Health have signed a ‘statement of intent' focusing on the future development of the long-term care market.

Pensions minster Steve Webb has reiterated his commitment to implementing a cap on pension charges, saying "nothing has changed" as a result of responses to the official consultation.