News

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

Changes to the legislation governing the operation of the National Employment Savings Trust (NEST) is to allow employers to leave the scheme.

The Complaints Commissioner has rejected a claim against the Financial Services Authority (FSA) by a consumer who wrongly believed their UK-based adviser had passporting permissions.

One of America's largest companies which reunites investors with their lost investments has launched in the UK to tap into the estimated £70bn of unclaimed financial assets.

Cater Allen has launched an 'Retail Distribution Review (RDR)-ready' structured deposit plan, offering 100% participation in FTSE 100 growth, capped at 26%.

The Association of Investment Companies (AIC) has backed industry calls for the Financial Services Authority (FSA) to relax planned rules restricting the sale of EIS and VCTs to retail investors.

An amendment to the European Parliament's MiFID directive gives individual member states additional powers to ban commission.

Major household names like McDonalds, Travelodge, the BBC and BT will use the National Employment Savings Trust for auto-enrolment.

Financial Ombudsman Service (FOS) chief executive Natalie Ceeney has praised independent financial advisers for their complaints handling, saying they do a better job than larger businesses such as banks.