pensions

On his first Ministerial appearance since taking over the role of Secretary of State for Work and Pensions, John Hutton has said he is determined to carry on his predecesor's programme of reform.

Under new maximum drawdown levels published for consultation, a person moving to an alternatively secured pension when they reach 75 could see a drop in maximum income of around 40%.

More income drawdown products will start charging installation or set up fees after the A-day changes come into effect, claims a new report by Defaqto.

A Women's Pension Network is being co-ordinated by the Equal Opportunities Commission (EOC) as part of a campaign to reform the pensions system and close the pensions gap.

Government research into automatic enrolment has revealed that although it is likely to increase employee membership, both employers and employees have their doubts about the system.

JUDGES ARE considering unprecedented legal action against the government in a row over changes to their pension rights, reports The Times .

People must not be seduced into placing property into Self-invested personal pensions (Sipp) once the A-day regulations come into effect in April next year, claims the Actuarial Profession.

Five fraudsters who used puppet trustees as a tool to steal almost £3m from a final salary pension fund have been jailed for a combined total of 26 years.

MISYS, the IFA network owner, capitulated to shareholder pressure yesterday and announced plans for an independent chairman three years earlier than expected, according to this morning's papers.

The surprise appointment of John Hutton as the new Work and Pensions Secretary has left the pensions industry unsure of what will happen next.