Pension News
AEGON Scottish Equitable expands SIPP property portfolio
AEGON Scottish Equitable is adding GuestInvest, the UK’s leading hotel buy-to-let hotel company, to its Self Invested Personal Pension investments from 22 January 2007. This is the first step in a phased expansion of its Sipp property portfolio, rolling out during Q1 2007, aimed at widening the investment options to cater for differing investor needs.
Pensioners living on less than £10,000 a year
With 2007 barely weeks old, British pensioners have little to celebrate. New research from the Prudential UK highlights that the average pensioner income is currently just £12,151 a year, around £12,000 less than the average national income.
Origen launches partnership pension scheme
Leading IFA Origen is launching a Partnership Pension Scheme (PPS), which will enable the employees of its corporate clients to take advantage of new pension rules, allowing them to transfer shares received from employer share incentive schemes into their pensions.
Standard Life and Friends Provident join forces to lead the way on Wrap initiative
FTSE 100 life and pensions companies Friends Provident and Standard Life have today announced their intention to collaborate through a legacy data sharing alliance that will enhance their respective Wrap platforms.
Average state pension to increase thanks to new Bill
More people than ever before would be entitled to a full basic state pension as a result of measures included in the new Pensions Bill.
Annuity rates take a breather
The annual annuity review produced by Investment, Life & Pensions Moneyfacts has revealed that annuity rates took a breather during 2006.
JPMAM appointed by Bedfordshire County Council
JPMorgan Asset Management (JPMAM) is pleased to announce that it has been appointed by Bedfordshire County Council Pension Fund to manage a £20 million currency mandate. The assets will be invested in the JPM Managed Currency Plus Fund.
Consumers must be at the centre of pensions policy
Ahead of the second reading of the Pensions Bill, Which? says that getting the Delivery Authority for Personal Accounts right is crucial to the success of future pension provision in the UK.
Calculating pensions is made easy says Norwich Union
For customers who want to get their finances in order, Norwich Union has launched a “pension calculator”.
Government dogma damaging pensions says Winterthur
Winterthur today accused the government of destroying any growing confidence among consumers in saving for retirement by allowing dogma to triumph over logic and consumer demand.
Pension Protection Fund announces new £675m levy estimate
The Board of the Pension Protection Fund has today published, for consultation, its levy estimate of £675 million for 2007/08. The proposed levy estimate will help to make up for an undercollection of levy fees during 2006-2007 and help reduce the Pension Protection Fund’s deficit - a move to ensure public confidence in the fund’s financial security.
Welcome relief for the few, but relief for all would help close protection gap
Emma Walker, protection manager at price comparison website moneysupermarket.com, responds to HMRC’s Pensions Term Assurance announcement:
Pension industry must simplify terminology
Consumer research carried out for The Pensions Report, published by Defaqto, strongly suggested that the language used by the pensions industry leaves consumers cold and apprehensive.
Personal accounts are step towards future financial security
The Government’s latest White Paper on pensions, 'Personal accounts – a new way to save', is a constructive and necessary step towards extending private pension provision, says Stewart Ritchie, President of the Faculty of Actuaries.
Workers to have access to good quality occupational pensions
Millions of workers are to be given an easy way to save for their future - complete with an employer contribution and tax relief - under new proposals published today in the Government's White Paper, Personal accounts: a new way to save.