Pensions
Alliance waives annual charge and transfer fee for Select SIPP
From 1 June 2011 to 29 July 2011 all new Alliance Trust Savings Select SIPP customers will not be charged an annual SIPP charge until 1 February 2012.
Children set to retire with pension pots of £1.75m
Alliance Trust Savings, one of the country's leading SIPP providers, has revealed that more than a third (34%) of their Child SIPPs received the maximum gross contribution of £3,600 in the tax year 2010/11.
LV= launches first mutual bonus
Insurance, investments and retirement group LV= today announced the launch of a mutual bonus scheme.
Britain's ‘Ostrich Generation' needs to wake up to pensions reality
A generation of Britons faces a cash-strapped retirement as people ignore or refuse to respond to the changing nature of pension provision in the UK, a new report from HSBC reveals.
Aviva introduces phased drawdown
Aviva is launching a new phased drawdown option on its Wrap and SIPP platform that will offer customers one of the most flexible, tax-efficient methods of taking a retirement income.
Top five equity release myths revealed
New research from Safe Home Income Plans (SHIP) has found a lack of understanding of the mechanics of equity release among consumers.
Families neglecting opportunities offered by workplace pensions
Families are viewing auto-enrolment as a positive step towards bridging the pensions gap, according to research from the second Aviva Family Finances Report. Three quarters (74%) of family heads say they would be happy to contribute to a scheme if their contributions were matched by their employer.
Quality of life crashes again for Britain's over 50s
Quality of life for people over 50 has declined in the past three months according to the latest Saga Quarterly Report.
Retirement income gender gap is £6,500 a year
Men retiring in 2011 expect to receive 50 per cent more pension income than women, according to research from Prudential.
Zurich launches Equity Linked Growth Account
Available immediately, the Zurich Equity Linked Growth Account 7 (ZELGA 7) runs for five years. It offers advisers and their clients the potential to earn 100% of any growth in the FTSE 100 Index, subject to an overall maximum return of 55%, whilst protecting their capital. Applications must be received by 13 June 2011.
Could you live on £140 a week?
Almost two out of three people (63%) think they could not live on £140 a week in retirement, rising to 72% for the 55 and over's, according to research from Standard Life.
Brits admit neglecting their financial wellbeing
Brits are burying their heads in the sand when it comes to their finances. Despite their best intentions, 17 million adults (35%) admit to neglecting their finances, according to the Scottish Widows Priorities of Life Index.
Leading mutual sees boost in sales over last 12 months
MGM Advantage, one of the UK's leading mutual societies, has seen a 14% increase in sales over the last 12 months driven by the launch of the new and innovative Flexible Income Annuity and the continued success of the Enhanced Annuity.
Over £70,000 worth of retirement income could be missed
The scrapping of the age 75 annuitisation rule could inadvertently encourage people to stay in drawdown for longer than is suitable and mean they risk missing out on the benefits of mortality cross-subsidy, warns MGM Advantage, specialists in retirement income and Intelligent Pensions, the pensions and retirement specialists for IFAs.
Pension contribution can help avoid new higher rate tax
If an individual has been hit by the new higher tax rate introduced on the 6th April, John Lawson, head of pensions policy at Standard Life, shows how they can avoid it by paying a pension contribution.