Ros Altmann

There is no low cost solution for retirees or any idea of how and when it will be provided according to London Business School executive David Pitt-Watson.

This week concerns escalated over the impact of expected tax relief reforms amid revelations that reductions in recent years have already forced higher earners to leave schemes.

The different way peoples' pension contributions are calculated risks cutting low earners out of auto-enrolment (AE) according to the pensions minister.

A debate on the effect of equalisation of the state pension age on women born in the 1950s will take place in Westminster this afternoon.

The Pensions Regulator (TPR) has revealed more than 90% of small employers have completed auto-enrolment (AE) but it had to issue a record number of compliance notices to make it happen.

This week in pensions speculation was rife over tax relief reforms, the chancellor announced a cap on exit fees, and DB was set to vanish from the FTSE 250 within a year.

Amid concern that the cap on exit fees only applies to contract-based schemes, the minister has confirmed that a separate cap will be imposed on trust-based schemes.

Pensions minister Ros Altmann will be quizzed by the Work and Pensions Select Committee today as part of an ongoing inquiry into the new state pension.

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