Retirement

Retirement Planner's round-up of the top pension stories this week.

In this week's quick-fire poll we ask:Is the FCA's third SIPP review looking to force out small players as John Moret has warned?

Pensions minister Steve Webb faced questions in Parliament yesterday over the Department for Work and Pension's (DWP) stance on scheme charges.

Legal & General is in talks with Unite over potential redundancies at from its protection and savings divisions.

The regulator's looming thematic review into the self-invested personal pension (SIPP) market could force a number of smaller players out, making it a "more comfortable" situation for the regulator, according to John Moret.

The regulator should crack down on self-invested personal pension (SIPP) providers that work with unregulated investment schemes promising above-average returns, according to one provider.

FIVE THINGS

The Treasury is exploring the idea of capping tax-free ISA allowances to crack down on 'ISA millionaires', while investigating plans to reduce the amount retirees can take as a tax-free lump sum.

The country's current pension system sees workers enrolled into "risky and inflexible" funds and must be modernised to ensure millions of people are not failed, according to Ros Altmann.

The Department for Work and Pensions (DWP) has focused hard on promoting a positive image auto-enrolment (AE).