Pensions

Henry Tapper explains why Labour is right to threaten a cap on drawdown fees

Axa Wealth is to drop charges associated with drawdown and its Pension Investment Account on its Elevate platform.

The pensions industry has rejected government proposals to tinker with auto-enrolment (AE) earning thresholds and called for a complete overhaul.

The number of women saving adequately for retirement has reached a four year high, according to Scottish Widows Women and Retirement report.

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.

The qualifying earnings rules which govern auto-enrolment contributions should be scrapped to boost saving potential, according to provider NOW: Pensions.

Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.

Dafties will be dafties, but we must trust retirees

Labour has urged the government to ensure none of the 320,000 savers expected to take advantage of pension freedoms are exposed to "rip off charges".