Turkey approves new auto-enrolment law for private pensions
Turkey’s parliament has approved a new law that will require workers under 45 to be automatically enrolled in a private pension plan, in a bid to boost the country’s retirement savings.
Retirement | 15 Aug 16
Some UK savers withdrawing ‘too much’ from pensions, says ABI
Some British savers are withdrawing too much cash from their pension pots and are at risk of running out of money within a decade or less, the Association of British Insurers (ABI) has warned.
Retirement | 12 Aug 16
Five UK pension liberation firms shut down in £128m scam
The UK’s Insolvency Service has shut down five so-called pension liberation companies over the past year, after they scammed pensioners out of £128m ($166m, €148m).
Old Mutual Int’l suffers amid sharp decline in Qrops sales
Old Mutual International saw a sharp drop in sales of qualifying recognised overseas pension schemes (Qrops) following the introduction of UK pensions freedoms in April last year.
Legal & General sells Cofunds to Aegon
Legal & General Group has sold its investment platform Cofunds to Dutch insurer Aegon.