Pensions

Almost a third of UK adults do not know what changes to pensions were announced in the Budget or how they are affected, according to research.

Pensions minister Steve Webb said he was "astonished" when he learned of a claim by a former senior government adviser that the pension reforms were designed chiefly to bring forward the Treasury's tax income.

Total pension liabilities of FTSE 100 companies have risen from £515bn to £557bn in the last 12 months - an increase of £42bn, according to data.

In this week's quick fire Retirement Planner poll we ask: Have you seen increased demand for retirement advice post-Budget?

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

The government will unveil its plans for the at-retirement guidance guarantee next week, according to recently appointed older workers champion Ros Altmann.

Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.

Royal London has said it will continue to pay adviser commission on its workplace pension schemes - currently branded Scottish Life - until 2016.

Ros Altmann is to work with the Department for Work and Pensions (DWP) to champion older workers as the government moves to better support people aged over 50 in the labour market.

The Pensions Ombudsman has revealed it is investigating 84 complaints about pension liberation.