Income drawdown may need to be delivered collectively to account for mass market demand, according to Legal & General Investment Management (LGIM).
The Pensions Regulator (TPR) is considering bringing its guidance to trustees of large schemes on communicating new retirement flexibilities in line with Financial Conduct Authority (FCA) rules.
HM Revenue & Customs (HMRC) has updated its list of qualifying recognised oversea pension schemes (QROPS) leaving just a single Australian scheme on its books.
The Financial Conduct Authority (FCA) is writing to all pension providers requesting data on how customers are accessing their retirement pots in the wake of the pension ‘freedoms' rolled out in April.
Scrapping salary sacrifice, rumoured to be part of the 8 July Budget, would do more harm than good but is likely to be high up on the Chancellor's agenda, providers have said.
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Further changes to pensions tax relief could lead the industry "into a very dark place", according to ex-pensions minister Steve Webb.
Pensions minister Ros Altmann has warned the industry against complacency over auto-enrolment, as the project reaches its half-way point.
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Pensions minister Ros Altmann has pledged to ‘clear up' confusion over the new state pension.