Investment

How to monetise the mammoth job of helping firms reach auto-enrolment staging

Pension PlayPen has launched a free comparison tool to rate and compare quotes from all the main pension providers.

Companies could be forced to funnel another £250bn into their final salary pension schemes over the next decade because of ultra-low interest rates and QE, according to a report.

Advisers are being invited to sign up to a free-to-view public directory which aims to connect pre-retirees with brokers to help them secure a better pension income.

Retirement Planner's round-up of the top pension stories this week.

Pension transfers should take no longer than six working days, according to the the Tax Incentivised Savings Association (TISA) which is set to launch a service facilitating quicker switches.

CASUALTY

Friends Life has reported a 41% increase in the value of new business for the first nine months of 2013, rising from £94m during the same period last year to reach £133m.

Provider Scottish Life could exit the auto-enrolment pension market in 2015 as the looming ‘capacity crunch' hits.

Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.