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Industry calls for MIR to be exercised realistically

Industry commentators have welcomed the government’s consultation on removing the obligation to annuitise by age 75, but warn the proposals for a Minimum Income Requirement (MIR) must be exercised fairly.

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Webb: government must ‘stop the rot on the basic pension’

DWP’s state priority

The revamped Department for Work and Pensions looks set to prioritise state pension reform over the 2012 workplace changes.

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ABI: some members will be more negatively affected than Prudential

Pru scolded for tax stance

Prudential is under fire from other members of the Association of British Insurers (ABI) for spoiling an initiative to block damaging tax changes to pensions.

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Askins: potential members could feel pressured by the new limits

Pension communication plan threatens take-up

Trustees are concerned workplace pension uptake will be reduced by government plans to halve the time limits for schemes to communicate basic information to staff.

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DWP stands by FAS figures

The Department for Work and Pensions (DWP) has defended its latest amendments to the Financial Assistance Scheme (FAS) against accusations of “misleading the public”.

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From left to right: the twice-former pensions minister Stephen Timms, Yvette Cooper, chancellor Alistair Darling and Angela Eagle

Pensions merry-go-round continues…

Angela Eagle and Yvette Cooper are the 15th pair to take the top pensions roles since 1997, raising questions about the effects of so many changes

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Mody: employers have more pressing issues to deal with

Lump-sum changes unlock small pots

Pension pots of less than £2,000 can now be taken as a collective lump sum, regardless of larger pension provisions.

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DWP report ignores means-tested minority

Low earners could lose out on potential savings when auto-enrolment is introduced in 2012, according to several industry experts.

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DWP denies moving auto-enrolment date

Speculation that auto-enrolment might be permitted before the introduction of personal accounts in 2012 has been scotched by the Department for Work and Pensions (DWP).

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Poll

The Money Advice Service is an elegant and innovative way of providing consumers with much needed help to access financial services products.

  • Absolutely. Should have happened years ago.
  • It's a start. Let's hope it's a solid foundation.
  • Not sure either way.
  • It's not advice, but you only find that out in the small print, which nobody reads.
  • Are you having a laugh? It's another way for the regulator to raise a fighting fund to paper over the cracks in its regulatory armoury.

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