Retirement

FIVE THINGS

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.

Curtis Banks has bought Alliance Trust Savings full self-invested personal pension (SIPP) book, made up of 6,000 plans worth about £3bn.

Pensions minister Steve Webb has given an impassioned defence of the government's preferred pot follows member approach to eradicating small pots.

New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.

The Financial Services Authority (FSA) has imposed a fine of £17,850 on Graeham Sampson, the former finance director of Montpelier Pension Administration Services Limited (MPAS).

The Company SSAS is the latest small self-administered pension provider to enter the market.

Pension providers who auto-enrol workers into "dodgy old" schemes will be named and shamed by the pensions minister.

Resolution has confirmed its chairman Mike Biggs will leave the company after its governance overhaul.

Labour has called for the Office of Fair Trading (OFT) to investigate pension fund charges as part of its campaign for transparency.