Retirement

The government must address the issue of means-testing now as Britain cannot afford another round of pension reform, the Conservatives warn.

There are currently no suitable products available which truly reflect an individual's needs when they reach retirement, according to Aegon head of pension Rachel Vahey.

There are currently no suitable products available which truly reflect an individual's needs when they reach retirement, according to Aegon head of pension Rachel Vahey.

Norwich Union (NU) has added 23 funds to selected pensions products while standardising its stakeholder fund range with each product sharing the same 55 funds.

Aegon UK is calling on policymakers to sanction the second large-scale overhaul in the pensions market in as many years to simplify legislation about taking income in retirement

Advisers have responded angrily to an FSA decision not to reintroduce a 15 year long-stop rule on complaints, but the Financial Services Consumer Panel (FSCP) backs the move.

The FSA has all but ruled out re-introducing a 15-year time limit on complaints against advisers despite admitting it could save firms thousands of pounds a year.

The Government's decision not to use the Pre-Budget Report to bring forward plans for auto-enrolment into workplace pension schemes has been branded as 'disappointing' by the ABI.

Pensions experts are disappointed the Government has not taken the opportunity to review the 75 year rule on annuity purchase in the Pre-Budget Report.

Thousands more pension savers face a 55% tax charge after the Government revealed it will freeze pension allowances until 2016.