Retirement

Fears of an impending recession mean around 1.5 million pensions savers have considered halting their contributions.

The pensions gender gap continues to narrow in 2008, but many women are still not saving enough for their retirement, according to Scottish Widows.

Royal London is eagerly waiting for vital clarification on the status of group personal pensions (GPPs) in the RDR, as well as hoping for further details on how professional standards will be established across the industry.

The FSA says it is unlikely to change its policy on how long consumers are legally entitled to make complaints against IFAs.

The FSA is running the risk of undermining TCF after announcing it will accelerate the full integration of the initiative into its day-to-day regulation of firms, the Financial Services Consumer Panel (FSCP) warns.

The main challenge for public pension reform is encouraging low to middle income workers into saving for retirement, research from B&CE Benefit Solutions suggests.

The Department for Work and Pensions (DWP) is considering options to relax rules which force firms winding up a pension scheme as part of a corporate restructure or demerger to fully cover liabilities.

All firms will be tested on the principles of treating customers fairly (TCF) from January 2009 as the FSA accelerates its implementation programme.

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Transact is lobbying the FSA "quietly behind the scenes" in a bid to reduce pension transfer delays, an issue it labels as more important to IFAs than re-registration.