pensions

THE GOVERNMENT has been forced to scrap plans to simplify pensions disputes after admitting that its red-tape-cutting exercise would place "additional burdens" on pension schemes, reports The Times .

The first payments from the Pension Education Fund (PEF) have been announced by the Department for Work and Pensions (DWP).

THIS MORNING'S papers are discussing the speech by the FSA's head of enforcement, in which she says the watchdog is ready to be harsher with rule-breakers.

Members of Friends Provident defined contribution (DC) pension schemes are to receive a series of leaflets to help them understand the impact of A-Day.

Changes to the borrowing limits on commercial property in self-invested personal pensions (Sipps) and small self-administerd schemes (Ssas) could be acting as an entry barrier for smaller businesses, claims Hornbuckle Mitchell.

The Financial Services Authority has launched a pensions website for consumers providing information about A-day and urging people to review their pensions arrangements.

New pension regulations published by the government mean employers will now have to consult scheme members before making major changes to a pension scheme.

Scottish Life is to improve its range of external fund links to give intermediaries access to funds that are more likely to meet their client's needs, by providing a 'fund matrix'.

Everyone born on or after 6 April 1960 should be carefully reviewing their pension arrangements before A-Day arrives, claims Winterthur Life.

SOME OF THIS morning's papers are discussing the reprimand dealt to Gordon Brown by the EU Economic and Monetary Affairs Commissioner, over Britain's borrowing deficit.