Pensions News

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Traditional views of life on a pension as a time to wind down and relax are increasingly outdated, with those retiring in 2008 seeing it as an opportunity to do the things they’ve always wanted, according to the Prudential Class of 2008 Retirement Survey.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

Preserving the quality of life in retirement and crucially keeping their home are the major priorities for people who are already retired or are heading for retirement, new research from Lincoln Financial Group shows.

Just Retirement, a leading provider of solutions for people in retirement, urges caution over the Investment Management Association (IMA) proposals to relax requirements over income in retirement.

Millions of hard-up pensioners who are missing out on money they should be getting to help pay basic household bills, including heating and council tax, should act now to beat the deadline for claims, Citizens Advice warned today.

Around 4,000 people who lost savings when their pension schemes were wound up by solvent companies will be potentially eligible for financial help from a Government scheme.

The introduction of Personal Accounts in 2012 will see at least 300,000 UK employees deprived of their existing pension scheme benefits, Fidelity International warns.