Investment

More than 12 million UK workers face retiring on inadequate incomes even with the introduction of compulsory pension saving, according to official government estimates.

DIVORCE

Zurich has appointed a new leadership team for its board following last month's resignation of Josef Ackermann over the death of the company's chief financial officer Pierre Wauthier.

The Pensions Advisory Service (TPAS) has appointed Michelle Cracknell as its chief executive.

In this week's quick-fire Retirement Planner poll we ask: Will changing the law effectively tackle pension liberation?

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

The total deficit of private sector UK defined benefit (DB) schemes increased by £100bn last month as rising inflation expectations pushed up liabilities, figures show.

Pensions minister Steve Webb is considering changing the law to combat the growing problem of pension liberation.

Clients in their 50s dealing with a retirement income shortfall are "crying out" for alternative investment solutions to close the gap, according to Axa Life Invest.

Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.