Rachel Vahey

A controversial decision to slash the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 will be scrapped as the Treasury seeks to trim the Finance Bill.

UK - Two more senior figures are to leave insurance giant Aegon UK as the company continues a restructuring programme designed to cut operating costs by 25% by the end of the year.

Two more senior figures are to leave insurance giant Aegon UK as the company continues a restructuring programme designed to cut operating costs by 25% by the end of the year.

New work and pensions secretary Iain Duncan Smith must take a "fresh" look at auto-enrolment and not pre-suppose pensions policy is "done and dusted" because of the launch of Nest, Aegon's Rachel Vahey says.

The UK's combined defined contribution pension value has dropped by £18bn in one month, according to Aon Consulting.