The Department for Work and Pensions (DWP) has defended its latest amendments to the Financial Assistance Scheme (FAS) against accusations of “misleading the public”.

Axa has become the first annuity provider to defer a product launch because of concerns about the possible effects of Solvency II legislation.

Standard Life has been fined £2.45m for “serious systems and controls failings” by the Financial Services Authority (FSA).

Click here to view the latest instalments in our video series - Nick Reeve speaks to Prudential's Vince Smith-Hughes and Pensions Income Choice Association chairman Tom McPhail

Despite the lack of coverage afforded to SSASs, the product is far from a dying breed and can offer benefits to many schemes

The search for a utilitarian default fund for DC members is underway and attention is turning to US-style target date funds, but they too are not without their flaws