Retirement

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).

The Department for Work and Pensions (DWP) has amended regulations to provide alternative pay period definitions for assessing jobholder status and scheme quality.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.