Retirement

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

The FSA has issued a warning to advisers over occupational pension transfer deals after it became concerned over the quality of advice being given.

The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

Board members of the Personal Accounts Delivery Authority (PADA) could have received up to £720,000 in the 2009/2010 financial year.

The FSA has ruled out allowing provider factoring on group personal pensions (GPP) advice despite admitting concerns over up-front costs.

Partnership has recently launched an online service aimed at helping people retiring with pension pots of less than £30,000 find the best annuity. Andrew Megson talks to Helen Morrissey about how the service is developing

The increase in state pension age to 66 will happen more quickly than originally planned and could be in place by 2016, minister say.

Yesterday, the Government said it would work with the industry on "alternative ways" to implement pension tax relief restrictions, including reducing the annual allowance to between £30,000 and £45,000 instead.

A number of consumer groups have warned the DWP a "too broad" review of the 2012 reforms would compromise the "hard-won consensus" on auto-enrolment.