Retirement

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).

A group of 14 insurers have signed up to a code of conduct on charge disclosure drawn up by the Association of British Insurers (ABI).

Former tax boss Andrew Meeson played a leading role in a "blatant" £5m pension tax relief scam, a court heard.

The Financial Services Authority's (FSA's) hike in capital adequacy for self-invested personal pension (SIPP) providers is ‘overkill' but it is unlikely the regulator will change tack, according to one provider.

Annuity experts have welcomed the Office of National Statistics' (ONS) surprise decision to keep the current measure of inflation.

After consulting on options for changing Retail Prices Index, the Office for National Statistics has chosen 'none of the above' and proposed a new index to be published in parallel.

Former tax boss Andrew Meeson and his business associates pocketed £5m in a "very simple and very lucrative scam" by claiming tax relief on fictitious pension contributions, a court heard.