pensions

A report from the Public Administration Select Committee has sided with the Parliamentary Ombudsman over claims of government maladministration.

Compulsory participation in a pension with limited investment choices is the future of pensions reform, claims a new report.

Around 80% of the working population say they would be able to afford the minimum contribution to a new system of personal accounts.

James Purnell, the minister for pensions reform, has criticised reports the government is planning to scrap the Financial Assistance Scheme.

Pensions tax simplification has not only altered the rules around pensions, but it could also have opened up a whole new area of retirement planning through offshore bonds.

Almost half of employers feel defined contribution (DC) pension schemes only work 'fairly well' for employees.

The cost of running the Pensions Regulator over the next year is estimated to be almost £28m.

HM Revenue and Customs have issued revised rules on stand-alone pension lump sums in an effort to ‘plug various loopholes'.

Skandia has announced a number of internal changes as it continues its integration with Old Mutual.

The department for work and pensions has published draft regulations for the extension of the Financial Assistance Scheme.