Pensions

Aegon has launched a range of lifestyle funds to better cater for clients saving for retirement during ‘constrained economic conditions'.

An IFA has said at least two of his advisers and one of the accountants he works with have been cold called by firms trying to sell them and their clients pension unlocking schemes.

FIVE THINGS

Money being channelled through an insurer's platform into external funds under auto-enrolment (AE) could put members' pensions at risk if the fund provider went bust, Standard Life has warned.

Young people in Britain are saving nearly one fifth of their monthly disposable income, which is more than any other age group - but only 12% are using this money to save for retirement, according to research by asset manager BlackRock.

The head of the European Insurance and Occupational Pensions Authority (EIOPA) has proposed an expansion of the organisation's mandate and called for the creation of an "EU retirement savings product".

Auto-enrolment will increase the proportion of workers in occupational schemes from one in two to four in five according to research from the Chartered Institute of Personnel and Development.

A high court judge has ruled against the 22 pension funds attempting to sue Henderson Equity Partners for allegedly breaching the mandate for its Private Finance Initiative Secondary Fund II.

The "lunacy" of the euro and its "inevitable" end may improve the funding position of UK pension schemes, economist Roger Nightingale has said.

Retirement Planner's round-up of the top pension stories this week.