Retirement Planner's round-up of the top pensions stories this week.
The Pensions Income Choice Association (PICA) is today issuing a request for information to develop a directory of financial intermediaries.
The government has been urged to consider merging The Pensions Regulator (TPR) and Financial Services Authority (FSA) after a National Audit Office (NAO) report condemned the current system of DC regulation.
Eight of the biggest annuity market players cut their rates in May, with Canada Life and Aviva both making a further cut on Thursday leaving retirees with stark options, analysis has found.
A cut to a pension credit which rewards over 65s who have made additional savings for retirement, may mean thousands of pensioners will not benefit from the state pension increase this year.
Industry figures have raised concerns over Her Majesty's Revenue and Customs' (HMRC's) stance on adviser charging on annuity business.
The National Association of Pension Funds (NAPF) has proposed a nationalised brokerage system to help retirees get the best annuity rate and reform the current "toxic system".