Pensions

Auto-enrolment is about to get personal

Invesco has named Westhouse Securities as the sole financial adviser and broker to its Income Growth Trust.

New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.

Why pensions will (and must) never be like bank accounts

The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.

Only 1% of savers have opted to cash in their pensions completely since the retirement 'freedom and choice' reforms took effect last month, according to the country's biggest retirement adviser.

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

The Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year after announcing plans to keep the promises the Conservatives made prior to winning the general election.

Auto-enrolment: Escalating fines start to bite

New pensions minister Ros Altmann must continue with the package of bold reforms that her predecessor began and focus on encouraging a "rebirth of savings culture" in the UK, Michael Johnson has said.