Pension News
‘A’ day has made no difference to how we save for retirement, says expert
The much heralded changes brought about to the UK’s pension industry on 6 April 2006 and known as A Day have made virtually no difference to how people save for their retirement according to one leading expert.
Pension confusion reigning supreme among women
With the UK’s ‘pension crisis’ regularly making headlines, people are becoming more aware of their need to save for their retirement.
MG Rover scheme transfers to Pension Protection Fund
Thousands of people can now look forward to security in retirement following the transfer today (Tuesday) of a further six pension schemes to the Pension Protection Fund (PPF).
Friends Provident offers mirror link fund to Asia Pacific SICAV
Friends Provident International (FPI) has introduced a new mirror fund link to the Martin Currie Asia Pacific SICAV, distributed on an exclusive basis until 29 June 2007.
15 years with profits down the pan
Just Retirement claims that failing to investigate an enhanced annuity at retirement could be equivalent to throwing away 15 years of extra fund performance.
Are pensioners heading towards mortgage debt time-bomb?
One in four people in, or nearing, retirement could be taking with them mortgage debts worth £98 billion collectively - an average of £31,000 per head – reveals a report from Key Retirement Solutions.
FSA gives Alliance Trust SIPP regulation green light
Alliance Trust Savings, a leading SIPP provider, is pleased to announce it has gained Financial Services Authority (FSA) approval to continue to administer SIPPs, well before the 6 April deadline.
Pension rules permit investors to invest up to £440,000 in this tax year
Investors using Self-Invested Personal Pensions can make use of a new tax concession to invest up to £440,000 in this tax year, according to Charles Stanley financial planners.
The ‘fee’ that puts a year and half between you and your mortgage
Homebuyers who add increasingly high mortgage application charges to their total debt risk taking as long as 17 months just to clear the application fee.
Scottish Widows launches Retirement Account
Scottish Widows has responded to the imminent regulation of the SIPP market by launching its new “Retirement Account” – a pension plan with a highly transparent charging structure, wide investment choice and a market leading rate on cash holdings.
Pension Term? We’re waiting for Assurance, Gordon
Consumers and advisers are waiting for the chancellor to end the current confusion surrounding the flexibility of pension term assurance (PTA) products.
Employers fail to equip staff for comfortable retirement
Many employers are failing to equip their staff for a comfortable retirement, according to the latest findings from Barclays Financial Planning.
Young Brits plan for pension before purchasing property
The average British person starts planning for their retirement before taking a first step on the property ladder, according to Global pensions research by AXA. Surprisingly Britons start planning for their retirement at the young age of 28 but don’t purchase a property until they are 29.
The Hartford launches guaranteed income drawdown
Hartford Platinum fills consumers’ desire for the security of an annuity and the flexibility of income drawdown.
Government must not risk pensions future with poor design of personal accounts
New ABI (Association of British Insurers) figures show that 2006 was a record year for growth in life and pensions new business.