Helen Morrissey likes the look of collective schemes but questions the government's timing
Pensions minister Steve Webb has dismissed concerns that retirement freedoms announced in the Budget do not work alongside the government's collective defined contribution (CDC) plans.
Helen Morrissey looks at the potential impact of the Budget on UK gilts
How the industry responded to the Freedom and Choice in Pensions consultation
The guidance guarantee will fuel demand for independent workplace advice, pensions minister Steve Webb says.
The government must make an "urgent decision" on the specifics of the guidance guarantee to ensure the April 2015 deadline is met, Friends Life has said.
The Association of Consulting Actuaries (ACA) has backed the government's plans to give defined contribution (DC) savers more flexibility and urged it not to ban transfers from defined benefit (DB) schemes.
Nearly half (43%) of employers are looking more favourably on defined contribution (DC) plans, according to Towers Watson's post-Budget DC Pension Strategy survey.
Sacha Dhamani says Steve Webb is wrong to claim people with low life expectancy get a bad deal from annuities
The government has confirmed its commitment to overhaul the retirement process and announced new plans to introduce collective defined contribution (CDC) in the Queen's Speech today.