News

A failure by HM Revenue & Customs (HMRC) to reduce errors and fraud in the tax credit system has "cost the taxpayer dear", a group of MPs said, after the tax authority admitted it would miss its target by £5bn.

One in seven people retiring this year will depend on the state pension as they have no other pension, research finds

Retirement Planner's round-up of the top pension stories this week.

In this week's quick fire Retirement Planner poll we ask: Should we have interim capital adequacy rules for self-invested personal pension operators?

Ashcourt Rowan is to outsource its portfolio, settlement and custody services to TD Wealth Institutional.

The Financial Services Complaints Commissioner has dismissed a complaint by a group of London traders against the Financial Services Authority (FSA) for its handling of alleged market abuse on a number of exchanges dating as far back as 2007.

The Financial Conduct Authority should introduce an interim amendment to the self-invested personal pension (SIPP) capital adequacy rules, delegates heard.

Bank of Ireland has given a reprieve to about 1,200 mortgage customers who were expected to be hit with an increased mortgage rate.

Advisers must be "very vigilant about providers approaching their clients direct" by making sure they get as close as possible to them over the coming months, a partner at RSM Tenon has said.

Too much attention is being paid to industry dinosaurs who are dragging their heels on auto-enrolment and not enough to those embracing the opportunity to make it work, according to a pension expert.