Pension News
LV= to accept protected rights into SIPP product
Retirement specialist LV= has announced that it will be able to accept Protected Rights transfers into its SIPP with effect from 1st October 2008, following the new regulation announced in July 2008.
Are we in for a cosmic retirement?
When it comes to what we want from retirement, British people are refusing to let the credit crunch and financial uncertainty dampen their hopes and dreams.
Brits urged to plan for retirement
Only one in four (27 per cent) are confident that their pension will provide enough income in their retirement, despite 59 per cent of adults in Britain having a company or private pension in place, according to research by GE Money and MoneyBasics.co.uk.
Merchant Investors to waive SIPP transfer charges
From 17th September 2008, Merchant Investors will waive the £75 transfer charge for all new and existing transfer applications to its OneSIPP until 31st December 2008.
A third of over 55s relying on state pension to fund costs of old age
Almost one in two (46%) of over 55s think old age will mean costly home adaptations - but 37% would be forced to use their state pension to install options such as stair lifts, handrails and ramps, reveals research among over 55s by Newcastle Building Society.
Protected Rights SIPP changes due in October 2008
Richard Ellis, Head of Sales and Marketing at Merchant Investors comments on the Protected Rights SIPP changes due in October 2008: "Self-investment of Protected Rights in SIPPs is not something new; it has in fact been possible, through the right kind of SIPP, since Personal Pensions were first introduced in 1988.
Large funds increase engagement and impact
The National Association of Pension Funds (NAPF) Engagement Survey 2008 shows that large UK pension funds (with over £1 billion in assets) are increasing their influence on the companies they invest in.
Grandparents travel dreams delayed by debt
Brits increasingly want to retire into a life of enjoyment but will struggle to afford to, according to research from the Scottish Widows UK Pensions Report 2008.
IOPS recognises the importance of DC pensions internationally
The International Organisation of Pension Supervisors (IOPS) has recognised the increasing importance of DC pensions in a new series of working papers.
UK companies feel duty to help employees prepare for retirement
A survey of over 300 HR Managers by the National Association of Pension Funds (NAPF) has found that pensions continue to be an integral and important part of many company remuneration packages.
James Hay will take applications for protected rights from 1st October 2008
James Hay, the UK's largest Self Invested Personal Pensions (SIPP) provider, today announces that it will accept applications for protected rights into its entire product range from 1st October 2008.
Women worry more than men about retirement
Men and women are said to be poles apart in so many ways, but recent research from The Hartford, conducted in conjunction with YouGov, shows that differences are particularly stark when it comes to attitudes towards retirement.
UK top bosses can look forward to retiring on £200,000 a year
Directors of the UK's top companies can retire on pensions of over £200,000 a year, according to the TUC PensionsWatch survey.
Annuity delays can cost up to £10,000
Pension savers risk losing out on as much as £10,000 because of delays in transferring funds into retirement income, Virgin Money warns. Its warning comes after the Financial Services Authority revealed six out of 10 customers converting pension funds into annuities faced delays in receiving their payout.
Divorced women to benefit from Government change to pensions
The Government is going to make a change to pensions legislation which will help many divorced people, especially women.