Pensions News

Scottish Widows today announces it is launching 23 new funds within its life and pensions fund range, to be available from the 21 April 2008.

Just Retirement, one of the UK’s leading providers of retirement solutions, today underlines its commitment to bringing better annuities to more people by announcing its entry into the ‘impaired’ annuity market.

European pension funds are paying increasing attention to implementing effective governance structures in order to navigate the growing complexity of the investment landscape, according to a new survey by Mercer's investment consulting business.

Middle Britain is facing financial turmoil as households with above average incomes struggle to cope with the increasing strain on their finances, according to a new study by AXA.

Voluntary pension contributions made by UK adults have almost halved in the past 12 months, according to new research from Prudential, which reveals that those who pay into company and private pension schemes say they have cut contributions by a staggering £134 a month compared with last year.

A large portion of people are expecting to find themselves below the poverty line when they retire, according to new research from Fairinvestment.co.uk.

HM Treasury, the Department for Work and Pensions and The Pensions Regulator (TPR), are today launching a consultation on updating the Myners principles, a voluntary set of 'comply or explain' principles designed to improve trustee investment decision-making and governance of pension funds.

A change announced in the Finance Bill published last Thursday (27 March 2008) will allow some people to take more of their pension benefits as a tax-free lump sum.

Selecting exactly the right annuity to meet individual needs from the many payment options and providers available can be one of the most important decisions a person has to make.

Following industry-wide consultation, the Pensions Regulator has published updated guidance to support trustees and employers dealing with events that may impact upon their pension scheme, and when applying for a clearance statement.

Just Retirement, the retirement solutions specialist, sent a stark warning to IFAs to think twice before advising clients to defer buying an annuity because of current economic conditions.

Winterthur's wealth management business, which is part of AXA Life's wealth management business unit, today reports an increase in new individual pensions business during 2007, up 22% to £1.93 billion SPE (2006: £1.59 billion) reflecting the success of its predominantly single premium proposition.

Traditional views of life on a pension as a time to wind down and relax are increasingly outdated, with those retiring in 2008 seeing it as an opportunity to do the things they’ve always wanted, according to the Prudential Class of 2008 Retirement Survey.

Just Retirement, the retirement solutions specialist, today sent a stark warning to potential annuitants, who may be thinking of deferring their annuity purchase because of current economic conditions.

A combination of poor pension planning, increased life expectancy and extended career breaks means that many women face an uncertain retirement warns rural insurer NFU Mutual.