The coalition government has issued an ultimatum to the Association of British Insurers over its opposition to the open market option, PP understands.
Reforming the Age 75 rule will reinvigorate the retirement income market but care should be taken not to undermine the annuity sector, the ABI warns.
Reform of the Open Market Option would boost government coffers by £1.7bn over 20 years and should form part of all political manifestos, a lobby group says.
While pension debate has tended to focus on accumulation and investment issues it is refreshing to see increased emphasis on how people can safeguard their income in retirement. Falling savings rates coupled with increasing longevity means many people...
The Association of British Insurers is set to tackle the issue of at-retirement apathy with the launch of updated "wake up" packs for savers approaching retirement.
Pension transfer times significantly fell during the first three quarters of the year due to the Options initiative, data from the Association of British Insurers reveals.
The move from defined benefit to defined contribution represents a huge transfer of responsibility from employer to employee, meaning member communication has never been more important, as Sebastian Cheek explains
Some 30% of trust-based defined contribution schemes have breached retirement disclosure regulations, a report by The Pensions Regulator reveals.
Helen Morrissey looks at the formation of the Pensions Income Choice Association and asks how it aims to increase peoples' awareness of their retirement income options
With continued improvements projected for longevity, David Davison explains some of the choices savers must make to combat diminishing income