A man in bankruptcy has retained his personal pension after a High Court judge decided he should not be compelled to hand it over under an Income Payments Order (IPO).
Steve Webb's pot follows member policy will initially be rolled out on an opt-in basis and be limited to a selection of pension schemes, the minister has said.
Additional safeguards should be placed on pension freedoms to ensure people do not burn through their pension pots in the first years of retirement or get caught out under tax rules, Age UK has said.
Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.
The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.
The Pensions Ombudsman (PO) has directed Standard Life to reconsider granting a transfer request to a suspected liberation vehicle after a scheme member complained about the provider.
Could legacy products and IT systems scupper access pension freedoms?
Emergency stop: Why politicians should hit the brake on pension freedoms
A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.
The Financial Conduct Authority (FCA) and the Association of Member-Directed Pension Schemes (AMPS) "are not on speaking terms" after last year's SIPP capital adequacy showdown - leaving providers with little or no support in the fight against pension...