Retirement

Financial adviser Richard Bishop has decided to move out of regulated advice and adopt a non-advised model because he said fees and ad-hoc levies have become unmanageable.

There is no need to have a single regulatory body for workplace pension schemes, according to the Confederation of British Industry (CBI).

The government should ban member-borne consultancy charges on workplace pensions "without delay", MPs on the work and pensions committee have said.

JLT Employee Benefits (JLTEB) has suspended consultancy charging on corporate schemes until the Department of Work and Pensions (DWP) completes its investigation of the practice.

ARMCHAIR CRITIC

ANNUITIES

Aviva UK proposition, strategy and development director Paul Goodwin is leaving the provider as part of the restructure announced last week.

The pensions industry needs a single regulator or gaps in scheme governance will harm savers, MPs have said.

Her Majesty's Revenue & Customs (HMRC) has issued a warning to consumers vulnerable to "unscrupulous" firms offering to help them access their pension savings early.

Advisers have warned that consumers who use annuity comparison websites could end up 'self-harming' and 'paying for their mistakes' for the rest of their lives.