Toby Strauss, the chief executive of Scottish Widows, has said the pensions industry is in danger of "breaching its capacity to cope" following the far-reaching changes announced at Budget 2014, unless it is afforded some breathing space by policymakers....
The price war in the passive space continues to rage but some providers refuse to play ball, offering trackers with fees as steep as active funds.
The number of savers putting enough money into their pension to secure an adequate retirement is at its highest level since 2009 at 53%, according to Scottish Widows research.
Jupiter's Maarten Slendebroek
Former Prudential chief executive Nick Prettejohn has joined Lloyds Banking Group as a non-executive director and chairman of Scottish Widows.
Jake Moeller has joined Lipper to take on the role of head of UK & Ireland research, replacing Ed Moisson who left in August to join Barings.
The number of people saving adequately for retirement has hit an all-time low, while aspirations for pension income have risen, a Scottish Widows report has found.