HR

Some 39% of people over the age of 50 are not willing to take any investment risk with their pension savings, Retirement Advantage research finds.

A total of over £1.6bn was paid out by the group risk industry during 2017, a £120.5m increase on 2016, latest data from Group Risk Development (GRiD) shows.

In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.

MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".

Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.

Bus company Stotts Tours (Oldham) faces the prospect of losing its operating licence after deliberately failing to enrol its eligible workers into a pension scheme.

The Pensions Regulator (TPR) is to prosecute Samuel Smith Old Brewery and chairman Humphrey Smith for failing to provide information and documents for an ongoing investigation.

Decumulation and pensions were the least complained about products in the second half of 2017, according to the Financial Conduct Authority (FCA).

Smart Pension is to launch a smartphone application with animated financial illustrations, which will allow savers to change their contributions and investments with just a tap on a screen.

Investment managers and law firms have ranked worst for the median pay gap between men and women among 85 firms involved in occupational pensions analysed by PP.