Retirement

Legal & General (L&G) has launched a new portfolio of financial promotions tools - including a movie - to help employers inform their staff about their group pension schemes.

Opposition parties have criticised some of the contents of the first Pensions Bill including the delay in restoring the link to earnings for the Basic State Pension.

Differences in the individual suitability of personal accounts could cause problems in producing clear generic advice, claims the Pensions Policy Institute.

Suffolk Life has announced senior management changes as part of its plans for development and growth.

Despite broad support for the pension reforms published in today's Bill, some parts of the industry are concerned more could still be done.

Contracting-out for defined contribution (DC) schemes will be abolished although the Bill does not give a specific date for this to happen.

The table confirming the shift to a higher state pension age has been published in today's Pensions Bill.

The Secretary of State for Work and Pension will have the authority to wind up the 'Personal Accounts Delivery Authority' if he considers it to be no longer necessary.

The first Pensions Bill dealing with the reforms set out in the May white paper has been published.

The majority of pension savers prefer the flexibility of staying contracted-out, even though contracting-in is more likely to maximise their savings, claims Legal & General.