Retirement

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.

I heard a cultural commentator say that Heavy Metal had fallen from grace as you don't hear it on the radio any more. But it is still there, and has a popular, dedicated following, as what you see is what you get. No need to reinvent itself.

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.

Simplified Life Insurance is a straightforward life insurance product from Norwich Union, which offers a choice of level or decreasing life cover with no options:

Norwich Union (NU) will have to pay £11m in compensation after the firm was found to be overcharging stakeholder pension customers.