Tom McPhail

Industry figures have called on the government to raise the bar for schemes that can take automatic transfers of small pots.

Hargreaves Lansdown has unveiled a low-cost drawdown plan, charging no set-up or income withdrawal fees, ahead of the 6 April pensions reforms.

Retirees will have little comeback if they receive poor guidance outside of the Treasury's Pension wise service, lawyers have warned.

The Department for Work and Pensions (DWP) has published proposals to automatically transfer small pots when savers move jobs, with exemptions for funds outside the 0.75% charge cap.

Sponsors of defined benefit (DB) schemes could face a £100bn bill as members look to transfer to defined contribution (DC) arrangements to take advantage of incoming ‘freedom and choice' rules.

Schemes and providers must consider having a default option for the decumulation stage, according to industry participants at a National Association of Pension Funds (NAPF) seminar.

Pensions minister Steve Webb has said automatic transfers will begin on a voluntary basis to get the policy off the ground.

Retirees are at risk of cashing out their private pension savings under the misunderstanding they will receive the full flat rate state pension.

Natasha Browne gets industry reaction to Steve Webb’s plans to roll out freedom and choice to annuitants.

PP looks at the lessons the government must learn from auto-enrolment if pension freedoms are to be a success