Pensions - Retail

The conduct of pension providers' annuity sales teams will form a large part of the Financial Conduct Authority's (FCA's) continuing investigation into the retirement income market.

Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.

Four men have been banned from working in financial services over their ‘disgraceful' behaviour in relation to occupation pensions which saw them net £4m in unnecessary commission.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.

MoretoSIPPs principal John Moret says the FCA places "unreasonable" responsibilities on SIPP providers when many of the issues the industry faces are advice based.

The government plans to legislate for the lifting of NEST's contribution cap and transfer restrictions in 2017.

Chancellor George Osborne is to bring forward the introduction of the flat-rate state pension and the cap on social care by a year.

Chancellor George Osborne is to tell the electorate this week that his debt plans are in ruins, with the deadline for bringing UK debt down pushed back by many years.

Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, the Association of Member Directed Pension Schemes (AMPS) has told the FSA.

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