Standard Life cutting commissions - papers 19 November

The change at the country’s largest mutual life assurer comes with a warning the industry cannot continue paying “high up-front commissions”. The Scotsman says the change means there will be less incentive to sell pensions to people on low to middle incomes. THE PENSIONS BILL has been passed, finally, but without inclusion of a controversial amendment raising the age by which an annuity must be bought, The Daily Telegraph reports. A compromise solution, which would see the age raised marginally to 80 from the current 75 was defeated by 119 votes to 96, which prompted LibDem spokesm...