Retirement

ARMCHAIR CRITIC

State pension reforms will result in a considerable drop in the number of people eligible for means-tested Pensions Credit in the coming decades.

Pensions minister Steve Webb plans to cap charges on auto-enrolment pension schemes at 0.75%.

The compulsory use of an annuity broker at retirement could be written into the latest version of the Pensions Bill after Labour tabled an amendment to the legislation.

More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

At Retirement Choices (ARC), the investment platform soft launched two years ago by provider Aegon, has gained more than £1bn assets under management.

FIVE THINGS

Britains's embattled long-term savings industry will get a rare boost on Tuesday when figures from the Pension Protection Fund show that the rescue scheme for workers at collapsed companies has increased its assets.

Chase de Vere is poised to restructure its corporate advice arm but said that side of the business will remain a core part of the firm.

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