Pensions News

TD Waterhouse, the award winning online broker, has introduced another enhancement to its investment pricing following its recent introduction of zero fees on ISAs.

Pension providers need to improve levels of service to customers taking out annuities, with an emphasis on speeding up fund transfer times.

Research from Baring Asset Management (Barings) reveals that on average, Brits expect to be retired by the time they are 62.

2007 proved to be a disappointing year for most pension savers, with pension fund returns at their lowest for five years, according to research from Investment Life & Pensions Moneyfacts.

The latest NAPF Annual Survey of UK pension schemes reveals that the trend away from investing in equities continued in 2007 as further diversification of defined benefit (DB) pension assets took place.

People do not have their priorities in order when focussing on retirement planning and are still not heeding the advice on the benefits of early saving, according to Fidelity International.

Super Earners’ who rank in the top 1% of earners in the UK can more than double the maximum SIPP (‘Self Invested Personal Pension’) Annual Allowance for this tax year, says Fidelity FundsNetwork.

Workplace pension provision is finding a new equilibrium after many years of change, according to the latest NAPF Annual Survey of UK pension schemes.

Friends Provident, the FTSE 100 life and pensions provider, has today imposed a notice period during which policyholder switches and withdrawals from the £1.2 billion Friends Provident property funds will be deferred for up to six months from the date of request.

One in three over 55s (36%) use money from their pensions to help support their children and grandchildren and one in ten (12%) dip into their savings and investments in order to contribute to the family household income according to new research.

Mercer has welcomed the move by the Department for Work and Pensions (DWP) to begin consultation on draft regulations to allow SIPPs to hold protected rights.

Fidelity FundsNetwork has marked 2007 and the 2nd anniversary of its entrance into the Life & Pensions market with over £900 million of SIPP, Investment Bond and International Bond assets.

Secretary of State for Work and Pensions Peter Hain has announced a substantial package of help for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.

The Financial Services Authority (FSA) has fined Norwich Union Life £1.26 million for not having effective systems and controls in place to protect customers' confidential information and manage its financial crime risks.

A poll conducted with advisers by Fidelity FundsNetwork, the UK’s fastest growing SIPP provider, has revealed that changes concerning concurrency since A-Day has led to an increase in SIPP business.