INCOME DRAWDOWN

SSAS

Financial advisers are being urged to join a newly-formed Arch Cru pressure group to fight against the Financial Services Authority's (FSA's) controversial redress proposals.

Offloading the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group could take years, the Treasury select committee was told yesterday.

About 80% of people set to retire this year have failed to make provision for funding ill-health and long-term care in retirement, Prudential research has found.

A code of conduct designed to make workplace pension charging more fair and transparent is being developed by a working party, lead by the National Association of Pension Funds (NAPF).

More than 6 million people aged over 50 have no pension provision in place and look set to rely solely on the state when they stop working, research has found.

LV= has added a break clause to its fixed term annuity product which allows retirees to exit should their circumstances change.

SUPERMAN

Civil servants in the Prospect union have overwhelmingly voted to accept the government's changes to public sector pensions.