pensions

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.

The FSA has issued guidance on their website alerting people to reassess their current status of being either contracted in or out of the Second State Pension, in anticipation of the end of the tax year.

The CBI has criticised the Government's proposals for a citizens' pension, which is priced on residence instead of national insurance contributions, as an option the country can't afford.

The TUC has again called for compulsory pension savings to be included in Government plans alleviate the current pensions crisis.

Total employer contributions to final salary pension schemes increased by nearly 50% in the past year, research indicates.