Retirement

MPs on the Work and Pensions Committee have welcomed the government's move to ban consultancy charging on auto-enrolment schemes.

Hornbuckle Mitchell has posted a 5% revenue increase and 21% growth in year-on-year earnings for 2012, announced less than a month after the firm sold a controlling stake to two private investors.

The Treasury has claimed that the Equitable Life payments scheme is on track to close on schedule in 2014, despite claims it has been hit by delays and mistakes.

Pension provider Scottish Widows has been told it cannot reclaim almost £100,000 it mistakenly paid to a divorcee three years ago.

Partnership Assurance is to float on the London Stock Exchange.

Scottish Life is asking IFAs to consider whether to ‘strike now or later' on annuity advice.

SIPP TIPS

The move to ban consultancy charging is "less dramatic than it sounds" as most of the charges that can end up with the employer's adviser remain unaffected, according to a consultant.

Suffolk Life has acquired the self-invested personal pension (SIPP) business from Yorkshire-based wealth management business Pearson Jones.

A City of London call centre at the heart of a pension liberation operation has been raided by police and several people have been arrested.