pensions

Fund platforms are now an integral part of many advisers' day to day business. Their ability to bring the fund management industry onto advisers' desktops has proved to be a winning formula.

Traditional pension products and policies are outdated and a major rethink is needed as baby boomers approach retirement, according to pensions expert Dr Ros Altmann.

One in five pension schemes say they will level down either by lowering contributions or switching new employees to Personal Accounts from 2012, according to the NAPF's annual survey of 502 schemes.

The Government must act now to prevent the current crisis situation for pensions getting even worse, according to policy adviser Dr Ros Altmann.

Financial services and policy makers must act now to protect millions against the ‘pension pinch' as life expectancy increases and the pensions gap widens, urges Life Trust Foundation.

Today is the first day that around £100bn of protected rights money currently sitting in insured funds can be consolidated into a registered pension scheme including a SIPP.

Xafinity Paymaster, a provider of outsourced pensions administration, is calling on the Pension Regulator to consider personal accounts as the default option for small businesses without pension provision.

The TUC has urged Pensions Minister Mike O'Brien to resist pensions industry lobbying to water down the test to decide whether an employer's pension scheme is good enough to qualify as an alternative to Personal Accounts.

The personal accounts delivery authority (PADA) has appointed Simon Richards as business delivery director with responsibility for the infrastructure and processes of the new pension plans.

The stranglehold traditional annuity providers have on the market is making a mockery of the principles of treating customers fairly.