IFA

As the industry moves towards the ban of commission, Michael Klimes looks at how schemes and providers are adapting

Delaying the tightening of pension transfer regulation until after the April pension freedoms could result in two months of confusion and poor decisions, it has been said.

Insurers do not deserve the bashing they get over high fees as many already provide good value for money in contract-based schemes, according to independent trustees.

Fewer than one in seven defined contribution (DC) schemes plan to make it mandatory for members to take up the guidance guarantee before accessing their pot, PP research finds.

About 5,000 small and micro businesses will look to IFAs for auto-enrolment support as they hit their staging dates, according to National Employment Savings Trust (NEST) research.

Respondents to PP research dismiss Fabian Society proposals

Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.

Far more respondents (almost half) thought financial education was the way forward for retirees, rather than independent financial advisers (IFAs) or annuity brokers.

An employer auto-enrolling its staff at the end of November was forced to reverse its payroll after a Scottish Widows error led to last-minute changes in its fee structure.

An independent financial adviser (IFA) behind a number of suspected pension liberation vehicles appeared to be "playing fast and loose" in setting up the schemes, the High Court has heard.