The High Court has approved Royal London's plan to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot.
The government has confirmed the long-awaited ban on pensions cold-calling will now be delayed until Autumn.
The regulator has come under significant criticism in the wake of the Carillion affair. Sir Steve Webb asks if the flak it is getting is fair?
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports
The overall cost of pension tax relief rose slightly in 2016/17 to £38.6bn, from £38.5bn in 2015/16, according to annual HMRC estimates, representing a "stabilisation" compared with previous years.
The government has been urged to enable the creation of a new at-retirement product which would combine existing income drawdown arrangements with insurance against future care costs.
Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.
The estimated cost of pensions tax relief for employees to the government is expected to hit £24bn in this tax year, according to government data.
Theresa May has reaffirmed her commitment to tackle "unacceptable abuse" of pensions by companies "lining their own pockets".