Latest Retirement News
DWP: Protected rights drawdown must be proportionate
17:46 | 06 Jan 2009 | By
Edward Lander
Protected rights funds should be transferred to income drawdown in proportion to the rest of the pension fund, the government has clarified.
Smaller firms face pensions decline, say actuaries
17:03 | 05 Jan 2009 | By
Edward Lander
Pensions provision across smaller firms is rapidly deteriorating as schemes struggle to survive ‘hostile’ economic conditions, according to actuarial research.
Brown vows help for pensioners and savers
11:26 | 05 Jan 2009 | By
Maryrose Fison
This year's Budget could include measures to help pensioners and savers who have been hit by the slashing of interest rates, as Prime Minister Gordon Brown pledged to help those who have lost out.
Book review: Financial Peace Revisited by Dave Ramsey
00:01 | 03 Jan 2009
More than money itself, what most people need is peace of mind. If you do not take control of your finances, they will control you.
Whatever happened to company pensions?
00:01 | 01 Jan 2009 | By
Joss Harwood
The responsibility for your financial security in retirement now rests with you
Hang onto your hats – here comes 2009
00:01 | 31 Dec 2008 | By
Lorna Bourke
If you survived 2008 without losing any money and with the value of your home holding up, you have done well. So what will 2009 bring?
Govt age discrimination proposals 'irrelevant', says Standard Life
17:17 | 16 Dec 2008 | By
Maryrose Fison
Standard Life has branded the Department of Work and Pensions' proposals to the age discrimination consultation 'irrelevant'.
Pension overpayments: 95,000 face cuts
15:29 | 16 Dec 2008 | By
Maryrose Fison
(Updated) Chancellor Alistair Darling has revealed that thousands of retired public sector employees will see their pension cut next year because of an administrative blunder costing around £126m.
NU reduces pension product commission 0.5%
12:12 | 16 Dec 2008 | By
Maryrose Fison
Norwich Union will reduce commission on its Your Pension Select and Stakeholder Pension contracts from 26 January 2009.
Pension Insurance Corporation takes on Thorn liabilities in £1bn deal
11:49 | 15 Dec 2008 | By
Maryrose Fison
Britain's largest pensions buy-out has taken place, securing benefits for members of the Thorn Pension Fund through a £1 billion transaction with Pension Insurance Corporation.
Public sector pensions to cost £1 trillion, warns CBI
11:35 | 15 Dec 2008 | By
Maryrose Fison
The Confederation of British Industry has called for an urgent review of public sector pension schemes, which it estimates will cost tax payers nearly £1 trillion over the next few decades.
Inflation costs pensioners £200 a year
10:44 | 12 Dec 2008 | By
Maryrose Fison
New calculations have revealed that single pensioners’ state pension will have plunged more than £200 through pensioner inflation in 2008/2009.
Govt must act to stop DB pension closures, says ACA
17:29 | 11 Dec 2008 | By
Maryrose Fison
The Association of Consulting Actuaries has today condemned the government for failing to address ‘middle way’ options in its response to this year's risk-sharing consultation.
Pension firm aims to grow GPP through phone service
09:00 | 10 Dec 2008 | By
Iain Martin
Alexander Forbes plans to develop a telephone-based service to tap mass market clients in its group pension plans.
Alliance Trust will cease new business on Full Sipp
13:52 | 09 Dec 2008 | By
Maryrose Fison
Alliance Trust will cease new business on its full Sipp product from Friday, due to concerns over its administration.
Pension fund fraudster ordered to pay back over £400,000
11:45 | 09 Dec 2008 | By
Maryrose Fison
A £400,000 confiscation order was yesterday made at Birmingham Crown Court for the raid of security company Cheney & Son’s £3m final salary pension fund
PADA decumulation consultation paper invites industry comment
10:46 | 08 Dec 2008 | By
Maryrose Fison
The Personal Accounts Delivery Authority has launched an 84-page discussion paper looking at securing an income at retirement
FSA review finds 'unsuitable' advice in 16% of pension transfer cases
18:10 | 05 Dec 2008 | By
Maryrose Fison
(Update) The Financial Services Authority’s review into pension transfers has revealed that up to 16% of cases may involve ‘unsuitable’ advice, with only a quarter of firms providing fault-free advice.
‘Benefits’ of early withdrawal ring alarm bells for advisers
09:00 | 03 Dec 2008 | By
Maryrose Fison
Advisers challenge provider plans to build occupational pension schemes with 'early withdrawal facility'.
Regulator must police long-term care advice more closely, warns Palm’s Faye
09:00 | 03 Dec 2008 | By
Maryrose Fison
Elderly people are being put at risk as financial planners slip through loopholes in long-term care qualification system, says long term care specialist.