Pensions News

AEGON UK has achieved another important distribution partnership having been appointed as the provider of deferred SIPPs and income drawdown products for Clydesdale Bank and Yorkshire Bank.

People facing retirement are more concerned than ever about their financial security and income in retirement, according to a new research report from investment, pensions and insurance group LV=.

New research from HSBC reveals that while more women than ever in the UK have pensions, confusion over eligibility means almost two million women are losing out on potential pension income.

SBVD is the Dutch pension fund for workers in the paint and printing industries and has more than 5.000 members and over EURO125 million assets under management.

Twelve months on from SIPP regulation new research carried out on behalf of innovative pensions and investments provider Merchant Investors shows that adviser confusion still remains one year on following the advent of SIPP regulation.

New self invested personal pension special offer from Fidelity FundsNetwork is launching a brand new special offer for the rest of 2008 on its Self Invested Personal Pension (‘SIPP').

Retirees can now check online how long their savings will last at their current rate of spending, thanks to a new addition to the MyPlan family of planning tools from Fidelity International.

The Pensions Advisory Service has launched a new web-based Annuity Planner to help people with the process of buying an annuity, including explaining the options they have and choices they need to make. The ABI was involved in developing the new tool and fully supports it.

The Pension Protection Fund (PPF) has set out its plans for meeting the challenges of the next three years and beyond.

As greater longevity is increasingly becoming a fact of life, people are leaving themselves vulnerable to financial hardship at a time when they are most in need, according to research by Life Trust Insurance plc.

A thirty-year- old man planning to retire at 65 will only pick up his pay packet another 420 times before downing tools for good, analysis from Virgin Money shows.

SIPPs will be increasingly prevalent in the UK market as an individual retirement savings and income product solution in the years to come, according to independent financial research company Defaqto.

Flexible retirement solutions specialist LV= has launched a market leading Enhanced With Profit Pension Annuity, which also can accept protected rights and allow customers to choose value protection.

Steve Bee, Head of Pensions Strategy at Scottish Life, the pensions specialist arm of the Royal London Group, has called on the government to ensure that new pensions legislation, which means two thirds of women will be eligible for the full basic state pension, is extended to fix the problem for all women.

Alliance Trust Savings, a leading SIPP provider, today urged all those saving for retirement to consider carefully all their options for taking income from their SIPP as they approach the age of 75.