Pensions - Retail

Plans to use self-invested personal pension (SIPP) providers' assets under management (AUM) as a factor in determining capital adequacy levels is a mistake, Dentons Pensions has said.

Aviva is to axe four products to new business, including its self-invested personal pension (SIPP), blaming duplication in the product range for the move.

The Financial Services Authority (FSA) is consulting on reducing projection rates across both personal and corporate pensions so they can be compared on a like-for-like basis.

Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for retail distribution review (RDR) implementation.

GOSLING'S GROUSE

The government is assessing new types of pension scheme designed to even out the risks between employer and employee following the closure of many final salary pensions by private firms.

ONE-PAGE BUDGET GUIDE

The government has come under fire for plans announced in the Budget to change tax allowances for pensioners, as stakeholders begin digesting the Chancellor's measures.

Charges on a government-backed UK infrastructure vehicle owned and run by UK pension funds will be capped at 0.5%, the Treasury has confirmed.

The Chancellor has confirmed he will unlock £20bn of pension fund assets to invest in private infrastructure in a bid to "overhaul the physical infrastructure of our nation".