pensions

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.

Advisers are being reminded a deadline to protect large pension pots from tax charges is approaching.

Richard Taylor has been appointed as managing director of A J Bell Pensions, responsible for its SSAS and SIPP business.

Aegon has launched a flexible adviser remuneration option for annuities in a bid to close the advice gap for customers with smaller pension pots.

Delaying pension contributions by ten years at the age of 25 could cost around £40,000 more to get the same level of retirement income, according to Legal & General.

Friends Provident expects new pensions business to fall further in the second half of 2008 as it continues to pay for pipeline business after disbanding initial commissions.

A large proportion of communication with existing and potential DC pension scheme members is failing, largely because it is mis-targeted, according to BlackRock.