pensions

The Financial Services Authority is consumer-testing keyfacts documents to be extended across the entire regime of advised products.

Industry pensions experts believe that a time will indeed come when caps on the retirement age will be scrapped altogether.

Further confusion has developed regarding Sipps and property, to be included under the new regime from 6 April 2006.

EEF, the manufacturers' organisation, has assembled a taskforce to examine pensions strategy and arrangements to carry the UK through to 2015 and further into the future.

Mellon has criticised the Morris review for being impractical for both profession and majority of pension schemes to follow.

Scottish Life has further upgraded its online group pension facility to help intermediaries speed up their daily business activities.

Aegon's director of corporate development Laurie Edmans has been appointed as one of five non-executive directors of the new Pensions Regulator.

The FSA's move yesterday to persuade consumers to reassess the contracting in or out status of their pensions has prompted comment from one IFA who questions whether the City watchdog is setting advisers up for another fall.

There seems to be real concern about reform of pensions taxation, as lack of clarity on rules and regulations are confusing matters rather than simplifying understanding.

Mellon has cautioned any consideration for pensions compulsion could lead to contributions being set at too low a rate in order to accommodate affordability concerns the entire UK population.