Retirement

Friends Life has launched a venture with Key Retirement Solutions to bolster the support it offers customers at retirement.

Low-cost workplace pension provider NOW: Pensions has teamed up with a specialist annuity provider to ensure all savers get the best possible income at retirement.

Data from The Pensions Regulator (TPR) shows 97% of surveyed DC schemes provide support to members wishing to exercise their open market option.

Scottish Life has backed down on its position on the use of consultancy charging for automatic enrolment pension schemes.

The cost of fraudulent claims for public sector pension benefits has increased by £4m to £20m per year since 2012, the National Fraud Authority's (NFA) latest report shows.

The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".

The asset management industry must regain consumers' trust and boost pension saving or risk a financial crisis even worse than the 2008 crash, the Investment Management Association (IMA) has said.

Providers must police employer pension contributions into auto-enrolment schemes but The Pensions Regulator (TPR) has relaxed its position on how missed payments are reported.

Advisers are well placed to pick up new business driven by regulatory changes to the pension system, which could also result in a boom in estate planning specialists, according to Standard Life.

Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.