Pension funds

Faced with more choice than ever before when investing for retirement, more and more people will increasingly rely on advisers to help them plan their pension options.

Phoenix Life has been ordered to pay an adviser redress after the Financial Ombudsman Service (FOS) found it had not responded quickly enough to his complaint.

Fund managers' and pension funds' dedication to pursuing short-term investment goals is causing severely reduced returns, a panel of MPs heard.

FIVE THINGS

The Pension Infrastructure Platform (PIP) will avoid construction risk and offer both debt and equity investment portions for UK investors, plan organisers say.

Quantitative easing (QE) will not have a significant impact on pensioner incomes, Charles Bean, deputy governor of the Bank of England (BoE) has claimed.

NOW: Pensions, the pension scheme pitched as a simple, low-cost option for auto-enrolment, has launched a series of comedy videos sending up the UK savings industry.

Charges on a government-backed UK infrastructure vehicle owned and run by UK pension funds will be capped at 0.5%, the Treasury has confirmed.

The Chancellor has confirmed he will unlock £20bn of pension fund assets to invest in private infrastructure in a bid to "overhaul the physical infrastructure of our nation".