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The annual contribution cap and pension transfer ban should be retained in NEST's initial period but it is essential they are both reviewed in 2017, David Yeandle says.

Approximately 25% of equity release customers could be eligible for enhanced terms and receive an additional £16,000 on a £200,000 property, says More 2 Life.

Failure to reduce the upper age limit on auto-enrolment into workplace pensions from state pension age (SPA) may mean workers near retirement will lose their savings to means testing, Aegon says.

Everything you need to know from today's DWP auto-enrolment review...

The exclusion of micro-employers from auto-enrolment was ruled out due to the number of employees that would be excluded and "substantial" practical issues.

Pensions minister Steve Webb offered reassurance auto-enrolment and NEST would not lead businesses to ‘dumb down' their pension schemes.

The auto-enrolment review has proposed radically simplifying the certification process for existing workplace schemes.

Automatic enrolment into workplace pension schemes will only apply when a person earns more than £7,475 per year, a government review has concluded.

Pensions minister Steve Webb has admitted over 500,000 women would be excluded from NEST under plans to raise the earnings threshold for inclusion from £5,035 to £7,500.

Fixed-term annuity provider Living Time has boosted its online tools for IFAs as part of its campaign to promote more flexibility within the annuity market.