Pensions

Is there a risk of information overload on pensions?

Hargreaves Lansdown has unveiled its low-cost drawdown plan ahead of 6 April which has no set-up fees or income withdrawal charges.

The Financial Services Compensation Scheme (FSCS) is to compensate self-invested personal pension (SIPP) claimants for losses in the value of their investments in three schemes, including Harlequin Hotels and Resorts.

Provider Friends Life has set out its proposal for reform of the pension tax relief system to "introduce fairness" to the system and incentivise people to save.

Retirees will have little comeback if they receive poor guidance outside of the Treasury's Pension Wise service, lawyers have warned.

Zurich UK Life has reported operating profits of £115m in 2014, up 6% on the previous 12 months.

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

The Department for Work and Pensions (DWP) has published proposals to automatically transfer small pots when savers move jobs, with exemptions for funds outside the 0.75% charge cap.

Pensions minister Steve Webb has urged the next government to introduce joint ministers across pensions, ageing society and the Treasury to break down silos between the departments.

Asset managers should be subject to similar regulation to annuity providers if they are to get involved in the retirement income market, argues the Financial Inclusion Centre.