Several changes made

Regulator does not want to 'incentivise short-termism'

More than half of retirement pots accessed under pension freedom rules have been fully withdrawn, the Financial Conduct Authority confirmed in its interim retirement outcomes review.

Guidance on transfers to 'suspicious' schemes

The government is to create a single guidance body for pensions, money and debt matters, which will replace The Pensions Advisory Service (TPAS), including Pension Wise, and the Money Advice Service (MAS), it has said.

Closed book consolidator Phoenix is to acquire Abbey Life from Deutsche Bank for £935m.

A pension dashboard prototype will be launched by 11 providers next spring, the Treasury has said.

Annuities can be re-sold from April 2017

The Pensions Regulator (TPR) wants to be given greater powers to block merger deals involving companies with stressed pension schemes, its chief executive has said.

Back to early 2015 levels