Latest Retirement News
Just Retirement's future cloudy as backer wants out
12:30 | 20 Nov 2008 | By
Edward Lander
£300 million auction begins for annuity and equity release specialist after business is hit by market slowdown.
Pension funds cut equity exposure to below 50%
09:30 | 20 Nov 2008 | By
Maryrose Fison
Persistence of market volatility makes schemes reduce involvement in the asset class by 10 percentage points this year.
MGM Advantage lines up ‘third way’ product for 2009
09:30 | 18 Nov 2008 | By
Edward Lander
Enhanced annuity provider's planned product will be for people aged 50 to 75 and linked to an annuity rather than income drawdown.
Barclays to help advisers create bespoke offshore bonds
14:45 | 17 Nov 2008 | By
Maryrose Fison
The investment banking division of Barclays has unveiled a service that allows financial advisers to design structured products tailored to individual needs
PFS Conference: Burrows calls for govt to ditch annuity purchase rule
12:09 | 17 Nov 2008 | By
Maryrose Fison
In a pension session at the Personal Finance Society annual conference, BIlly Burrows called for the government to scrap the rule that forces annuity purchase at age 75.
PFS Conference: Warning over disparity in asset allocation models
12:07 | 17 Nov 2008 | By
Maryrose Fison
Life office asset allocation models should be used with caution because of the varying degrees of tactical overlay, Old Broad Street Research told delegates at the Personal Finance Society annual conference.
PFS Conference: Morrison advises vigilance over Qrops scams
12:02 | 17 Nov 2008 | By
Maryrose Fison
AXA Winterthur's Mike Morrison has warned that not all Qrops scheme are above board despite measures by tax havens to make overseas pension schemes look attractive.
PFS Conference: Actuaries flag up mis-selling risks on drawdown products
12:01 | 17 Nov 2008 | By
Maryrose Fison
Actuary Adrian Waddingham has urged advisers to be extra vigilant when advising on income drawdown, predicting a wave of mis-selling claims.
Pension priority to 'make ends meet' not enjoy retirement, says report
10:34 | 17 Nov 2008 | By
Maryrose Fison
Priorities toward pensions are shifting as the full impact of the credit crunch begins to sink in, according to new research from The Hartford
TCF to be integrated into FSA core supervision
13:48 | 13 Nov 2008 | By
Maryrose Fison
The Financial Services Authority has confirmed it will integrate TCF into its core activities.
Royal London flags up growing appeal of GPPs
12:00 | 12 Nov 2008 | By
Edward Lander
Provider says advisers should look at advantages of group personal pensions as Pension Bill clearly shows burdensome nature of personal accounts.
Boost pension contributions now, says Norwich Union
12:00 | 12 Nov 2008 | By
Edward Lander
Company says advisers should focus on retirement planning during the slump as assets are going at bargain prices.
We’re not letting CleriMed go, says Lloyds TSB boss
12:00 | 12 Nov 2008 | By
Edward Lander
Eric Daniels denies bank will relinquish life and pensions firm, and advisers say issues over HBOS merger will negate enlarged group's market share.
Pensioners hit by equity losses due to lifestyling
09:30 | 12 Nov 2008 | By
James Phillipps
Pensions that are in schemes' default funds are unlikely to recoup the losses that followed recent market falls when they migrate to cash and bonds.
FSA tells Abbey to rewrite ‘unfair’ OMO literature
09:51 | 11 Nov 2008 | By
Maryrose Fison
Regulator says the average consumer will fail to understand the use of the word 'indemnify' by the high street bank.
Downs slams Towry Law as client says it cost him £35K
09:30 | 11 Nov 2008 | By
Maryrose Fison
Trentham Invest managing director condemns firm for losing the money from a client's pension after failing to take on board his wish for non-risky investment.
Living Time rolls out nil-income fixed rate annuity
09:30 | 11 Nov 2008 | By
Maryrose Fison
Retirement specialist says returns will be 70%-90% for clients aged 50-plus who are perpared to lock their pensions for three, five, eight or 10 years.
Shortfall facing defined benefit pensions hits £97bn
08:55 | 11 Nov 2008 | By
Chris Marshall
The black hole facing defined benefit pension schemes grew in October as falling stock markets took their toll.
AXA Winterthur Sipp launch kick-starts new product range
11:06 | 07 Nov 2008 | By
Richard Harris
The One From Winterthur Sipp is the first of a range of products to be launched by the combined AXA Winterthur Wealth Management business.
A narrow window of opportunity for taking benefits
09:30 | 07 Nov 2008 | By
Nick Bamford
Informed Choice's Nick Bamford explains how changes in the law will affect anyone thinking of taking benefits from a safeguarded rights fund.