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SIPP providers are being increasingly targeted for "loan buddy" business, a prime vehicle for pension leakage, warns Andrew Roberts, chairman of Association of Member Directed Pension Schemes (AMPS.)

LV= has seen a 14% growth in sales across its retirement business in 2011 with an annual premium equivalent (APE) of £114.3m, up from £100.3m in 2010.

The Pensions Regulator (TPR) has spent almost £3.2m on external barrister fees over the past two years, with one-third of those costs spent on one legal case alone, figures show.

The Financial Services Authority's (FSA) proposed reforms to rules on self-invested personal pensions (SIPPs) do not go far enough to tackle malpractice, according to John Moret, director of MoreToSIPPs.

I'M SKINT, HELP!

Britain's retirees will flock overseas as a result of last week's budget, according to deVere Group.

Discounted gift trusts (DGT) business levels will remain flat or fall over the next year due to adviser dissatisfaction with the products on offer, a survey by Octopus Investments reveals.

The auto-enrolment earnings trigger and the lower and upper limits for the qualifying earnings band have been confirmed by the Department for Work and Pensions (DWP).

The Financial Services Authority (FSA) has removed the permissions of SIPP provider HD Administrators (HDA) with immediate effect after two directors were arrested.

BT's has agreed to make a £2bn pension scheme contribution this month to help plug its £4.1bn deficit.