Investment

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

The cost of fraudulent claims for public sector pension benefits has increased by £4m to £20m per year since 2012, the National Fraud Authority's (NFA) latest report shows.

Scottish Life has backed down on its position on the use of consultancy charging for automatic enrolment pension schemes.

The cost of fraudulent claims for public sector pension benefits has increased by £4m to £20m per year since 2012, the National Fraud Authority's (NFA) latest report shows.

The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".

The asset management industry must regain consumers' trust and boost pension saving or risk a financial crisis even worse than the 2008 crash, the Investment Management Association (IMA) has said.

Standard Life and Punter Southall Defined Contribution Consulting (PSDCC) have signed a strategic auto-enrolment (AE) deal for small to medium enterprises (SMEs).

PENSIONS

AUTO-ENROLMENT

People reaching retirement can expect to see their incomes drop by at least a third, according to a report.