Progress on the annuities market, charges and defined ambition (DA) may have "stalled", the Work and Pensions Select Committee says.
Steve Webb's commitment to introducing a charge cap on auto-enrolment (AE) schemes has "shamefully" collapsed, according to Labour Lord Desmond Browne.
Pension fund managers will be forced to fully disclose details of hidden costs associated with their products under new government plans.
This month's Retirement Planner Inquiry highlights the challenges advisers face when navigating the annuity market.
Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.
Retirees could be given the chance to switch annuity providers during a one year ‘cooling off period' after agreeing a contract, the pensions minister says.
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Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.
Pensions minister Steve Webb has confirmed the cap on auto-enrolment (AE) schemes will be delayed until April 2015.