Retirement

Canada Life has confirmed its approach to annuity rate pricing ahead of the introduction of gender equalisation legislation.

Few people are prepared to save enough of their salary in a pension to achieve a comfortable retirement despite knowing the 8% auto-enrolment minimum is not enough, a Friends Life survey has found.

Auto-enrolment for 4 million people who are members of hybrid pension schemes could be delayed until 2017 through a loophole in the legislation, a consultancy has warned.

Equiniti Group has agreed to sell Xafinity Consulting business to CBPE Capital.

The Pensions Ombudsman has ruled in favour of one of a pair of brothers in a dispute over a small self-administered scheme (SSAS).

The Treasury has confirmed rumours that it will launch a consultation on income drawdown limits are untrue.

FLEXIBLE DRAWDOWN

ANNUITIES

Pensions minister Steve Webb has admitted the government needs to do more to prevent consumers being auto-enrolled into "dodgy" pension schemes.

The government can lift the restrictions on the National Employment Savings Trust (NEST) without "offending" European Union (EU) state aid rules, the shadow pensions minister has claimed.