GPP

The cost of a ban on commission in the group personal pension (GPP) market could be as high as £420,000 for the largest adviser firms.

Advice on group personal pensions (GPPs) should be paid for on a fee basis, even if employees receive no individual advice, the FSA says.

Friends Provident has thrown its support behind the introduction of adviser charging in the corporate pensions market.

The FSA will not be able to simply read-across its adviser charging rules to the group personal pension (GPP) market, according to industry experts.

The Financial Services Authority has asked the industry for suggestions on whether it should apply adviser charging principles to group personal pensions (GPPs).

Employers no longer have to consult with employees when a group personal pension provider is switched, a lawyer says.

Retirement provision in the UK will worsen if initial commissions are removed by corporate pensions providers, according to Norwich Union.

The European Commission has confirmed that automatic enrolment into contract-based pension schemes - such as Group Personal Pensions - from 2012 is consistent with EU law.

The occupational pension scheme crisis began 40 years ago when membership peaked, according to a report by Policy Exchange.

A piece of European legislation is posing a big headache for government and industry in working through the intricacies of pensions reform policy.