consultant

The pensions industry is full of vested interests and must cut out "parasites" in order to regain trust in saving, a consultant says.

Scottish Life has confirmed that it will continue to undertake new auto-enrolment business through consultancy charging, despite being criticised by the pensions minister and releasing a statement apparently announcing a u-turn.

Uncharacteristically, the Buzz participants were unsure about this issue, with more than half answering that they did not know.

The Pensions and Benefits Show 2013 will be held on 12-13 June at the Excel Centre, London. Don't miss out!

The results of this survey to will provide schemes and sponsors with a peer-to-peer assessment of the different businesses in the market.

First Actuarial’s Henry Tapper says employers should look carefully at adviser remuneration on GPPs

Pensions minister Steve Webb has described consultancy charging as "a classic example of how the industry allowed itself to get bad headlines."

The Work and Pensions Committee has welcomed the government's move to ban consultancy charging on auto-enrolment schemes.

The move to ban consultancy charging is "less dramatic than it sounds" as most of the charges that can end up with the employer's adviser remain unaffected, according to a consultant.

The government has banned consultancy charging in auto-enrolment schemes and will propose a cap on default fund charges in a forthcoming consultation.