pensions

Technology provider Dunstan Thomas' latest survey of IFAs, pensions administrators and providers suggests they face a herculean effort in order to overcome the challenges of A-Day.

Responses to the basic advice regime proposals - as set out in Cp 04/11 - have persuaded the FSA to make reforms which include alterations to the initial disclosure document and single firm branding at point of sale.

A third wave of testing into the basic advice regime filter questions suggests previous weaknesses in the handling of pensions and consumer debt have now been sufficiently ironed out, says the FSA.

Research suggests there is as much as a 30% difference between the best and worst annuity rates in the market, says GE Life.

Proposals by Work and Pensions Minister Alan Johnson to automatically opt people into pension schemes appears to be in contravention of pending EU legislation, point out pensions experts.

Citizens Advice has warned MPs the means-tested pension credit is failing to serve a large number of the very poorest pensioners it was originally set up to benefit.

At least nineteen out of 20 people believe more needs to be done to educate consumers about personal finance, suggests research commissioned by Norwich Union.

Punters have barely had pause for breath before being hit with the next big political question of pensions, which the government seems to have firmly knotted to the next general election.

More than two thirds (67%) of people in the UK feel compulsory saving serves as the best solution to the pension-funding shortfall, a report indicates.

IFAs are being ushered to look at the cost of charges on contracted-out pensions, as the estimated size of the average contracted-out pension pot now stands at £24,000, suggests Legal & General.