Retirement

A frozen income tax threshold coupled with mass auto-enrolment will result in the annual pension allowance being cut further, meaning people should increase contributions while they can, according to Prudential.

The National Association of Pension Funds is investigating steps it can take to help DC members get a better deal at retirement - hinting at the launch of a broker service.

Life expectancy for typical retirees has fallen by several months, according to analysis of mortality data.

The next government must "brave up" and start raising auto-enrolment (AE) contribution rates towards 12% to 15% to manage expectations of savers, the head of the National Association of Pension Funds has said.

The Association of Member-Directed Pension Schemes (AMPS) has appointed James Hay's Neil MacGillivray as chairman with immediate effect.

The Prince of Wales has called on the pensions industry to ditch its "short-term outlook" or risk condemning the country to a "miserable future".

RISK

Fidelity Worldwide Investment is to acquire the entire share capital of Annuity Direct and its holding company Retirement Angels.

Annuity and equity release provider Just Retirement is to float on the London Stock Exchange.

The chairman of lobby group the National Association of Pension Funds (NAPF) has called for a single regulator to cover the entire pensions industry.