Hargreaves Lansdown

Sponsors of defined benefit (DB) schemes could face a £100bn bill as members look to transfer to defined contribution (DC) arrangements to take advantage of incoming ‘freedom and choice' rules.

The announcement from The Pensions Regulator (TPR) that it fined 166 firms for auto-enrolment breaches last quarter sends a "loud and clear" message to employers, say industry commentators.

Schemes and providers must consider having a default option for the decumulation stage, according to industry participants at a National Association of Pension Funds (NAPF) seminar.

There are still too many people in financial services who think they can "keep their customers where they want them" by quietly carrying on with old-style practices, Pensions minister Steve Webb has said.

Pensions minister Steve Webb has said automatic transfers will begin on a voluntary basis to get the policy off the ground.

Retirees are at risk of cashing out their private pension savings under the misunderstanding they will receive the full flat rate state pension.

Natasha Browne gets industry reaction to Steve Webb’s plans to roll out freedom and choice to annuitants.

Trustees must ensure default investment strategies are flexible

While most don't know what they will do, those that cash out will hand £1.6bn to HMT

HM Treasury could land a healthy windfall of £1.6bn as up to 200,000 people are expected to cash in the pension pots in April, according to research.