John Lawson

Changes to auto-enrolment legislation outlined in the latest Pensions Bill have been cautiously welcomed by the industry.

The Treasury's pensions tax reform proposals must target defined benefit schemes to raise the £3bn-£4bn a year it needs, Standard Life says.

The Financial Services Authority has today confirmed the ban on commission for sales in the group personal pension market from January 1, 2013.

The cost of implementing the new high earners' pension tax regime will spiral to £2.5bn - a figure seven times that originally estimated by the Treasury, Standard Life warns.

Standard Life has branded the Investment Governance Group's principles on improving defined contribution governance as "elitist".

Early auto-enrolment could increase pension pots by as much as 15% and help employers, industry figures say.

UK - Conservative Party plans to accelerate the increase in the state retirement age have been backed by senior industry figures.