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Mike Morrison, head of pensions development at Axa Wealth, says the death knell may have been sounded for DB schemes

In a lively debate the panel discuss the progress being made towards offering retirees the open market option when buying an annuity, as well as the different types of products now available.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

Axa will begin offering variable annuities before the end of 2010, Michael Gregg, managing director of Axa Global Distributors, has announced.

Financial secretary Mark Hoban has pointed the finger of blame at the Labour government for the scale of payments owed to Equitable Life policyholders following the insurer's near collapse 10 years ago.

The government's plans to remove the age-75 annuitisation rule will make scheme pensions far more attractive to IFAs and clients, Hornbuckle Mitchell claims.

David Norgrove's replacement at The Pensions Regulator will be paid £53,000 less than the outgoing chairman.

The government should take responsibility for the Royal Mail's £8bn pension deficit, Richard Hooper says.

As the Treasury consultation on removing the requirement to annuitise by age 75 closes, the pensions industry has warned the proposals will only benefit "those who need them the least".

The government plans to save money by distributing National Insurance numbers via a letter rather than a plastic card, as part of its drive to reduce the deficit.