News

Financial guidance on offer to all retirees from next April as part of the Budget's pension changes could be delivered in groups, Steve Webb has said.

Pensions campaigner Ros Altmann has been named CBE in the 2014 Queen's Birthday Honours, and there was also recognition for Bank of England deputy governor Charlie Bean and consumer champion Martin Lewis.

National IFA 2Plan is set to benefit from its rivals moving to restricted propositions as advisers are holding on to the IFA label and looking for a new home, chief executive Chris Smallwood has said.

A disgruntled IFA has vowed to shun Fidelity's Fundsnetwork platform after a client's re-registration got cancelled for the third time.

Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.

About two-thirds of people are concerned about not having enough money in retirement, with women significantly more worried than men, according to Axa Wealth figures.

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Researchers questioned 2,000 people about their perception of a happy retirement - finding that most of us long to retire by 63, with a three-bedroom home just 11 miles away from the rest of our family.

Chancellor George Osborne plans to allow the Bank of England to implement measures to control accelerating house in the UK, as the property market shows signs of overheating.

Government plans to overhaul the retirement process could increase the threat of pensions liberation fraud by overstretching administrators, warns the Pensions Administration Standards Association (PASA).