Pension industry moves to make charges more transparent "don't go far enough" and are being hampered by an inconsistent approach, according to the regulator.
The ‘poor value' legacy pension schemes highlighted by the Office of Fair Trading (OFT) account for just 10% of the market but the industry audit will "sort any problems", the Association of British Insurers (ABI) has said.
It is "unrealistic, uneconomic and unnecessary" to expect those approaching retirement to take regulated financial advice, according to Hargreaves Lansdown.
The recent launch of the ABI's Annuity Window has sparked debate as to how best to serve retirees. Helen Morrissey asks what constitutes a good quality shopping around service.
Retirement Planner's round up of the top pension stories this week.
The Association of British Insurers (ABI) has defended its Annuity Window after "media scrutiny" and made changes to it following industry feedback.
Retirement Planner's round-up of the top pension stories this week.