Retirement

The National Employment Savings Trust (NEST) is looking for fund managers to run mandates in both UK direct and global listed real estate.

The Financial Services Authority (FSA) director has said the relationship between it and The Pensions Regulator (TPR) needs more work due to the differences between the organisations.

Retirees looking to achieve the £144 per week flat-rate state pension level with an annuity purchase today would need a pension pot totalling £130,000, according to analysis from Prudential.

Dealing with small pots, access to advice and developing appropriate retirement strategies were all discussed at a retirement income panel hosted by Prudential.

Pensions minister Steve Webb has confirmed the details of the coalition's overhaul of the basic state pension.

SIMPLES?

Prime Minister David Cameron has denied the end of contracting out of the state second pension will create a wave of further closures of final salary pension schemes.

FIVE THINGS

The Pensions Regulator (TPR) is "playing catch-up" with automatic enrolment regulations brought in last year, the Daily Telegraph reports.

The new flat-rate state pension, set at about £144 a week and starting in April 2017, is set to be confirmed later today (Monday).