Retirement

Half of all smaller businesses are not prepared to pay a financial adviser for work around auto-enrolment (AE), according to a report released today.

Pensions minister Steve Webb is considering changing the law to combat the growing problem of pension liberation.

Clients in their 50s dealing with a retirement income shortfall are "crying out" for alternative investment solutions to close the gap, according to Axa Life Invest.

Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.

Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.

A third of workers believe their employers should pay for full financial advice in the workplace, according to the latest Scottish Widows Workplace Pensions Report.

DRAWDOWN

Axa UK has appointed Bertrand Poupart-Lafarge as the UK group's chief financial officer.

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ANNUITIES