Retirement

Labour leader Ed Miliband has promised to enforce a strict 1% cap on pension charges as part of his plan to help people get a better deal.

FIVE THINGS

Thousands of workers have been auto-enrolled into a workplace pension for the first time today.

CONDENSED

Homeowners who plough cash into their property for retirement and dismiss other saving options are taking a risk, warns an equity release adviser.

VAT

Almost two million people plan to use their property to bolster their retirement income, research shows.

COMPLAINTS

The Pensions Regulator (TPR) plans to fine pension providers who do not properly report auto-enrolment failures.

Sainsbury's will use its existing Legal & General (L&G) schemes for auto-enrolment, as it becomes one of the first companies to undertake the reform this Monday.