Pensions News

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Traditional views of life on a pension as a time to wind down and relax are increasingly outdated, with those retiring in 2008 seeing it as an opportunity to do the things they’ve always wanted, according to the Prudential Class of 2008 Retirement Survey.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

The Association of Independent Financial Advisers (AIFA) has called on the government to deliver a budget for pensions.

Measures to increase the level of payments by the Financial Assistance Scheme (FAS) are to be fast-tracked, Minister for Pensions Reform Mike O'Brien announced today.

LV= is celebrating being awarded a five star rating for its Discretionary SIPP with effect from 1st February. The rating, acknowledges the quality of the product offered by the fast-growing life and pensions provider and this is echoed by the impressive level of sales achieved in the last 12 months.

Standard Life has conducted analysis of the UK housing and retirement markets and is predicting a bleak future for many people hoping to use their current property to provide their pension.

A new National Association of Pension Funds (NAPF) Workplace Pensions Survey has revealed that a workplace pension is the most important company benefit an employer can offer.

With Personal Accounts now looming large on many employers’ horizons, Origen has issued a stark warning to the UK government regarding the true impact of part of its proposed legislation.