Income

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

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

People need to take ownership of financial planning as the average retirement age increases, says an AXA Wealth spokesman.

Average retirement ages rose by almost one year between 2004 and 2010 according to research published by the Office for National Statistics (ONS).

Over ten per cent of people who had planned to retire during 2012 are now making alternative arrangements, according to research from Prudential.

Aegon has been ordered to pay a customer £10,500 in compensation after it told him he would receive double the pension income he was actually due.

The National Association of Pension Funds (NAPF) has proposed a nationalised brokerage system to help retirees get the best annuity rate and reform the current "toxic system".

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

Retail banks could come into the QROPS market as legislation removes complexity, according to Rex Cowley, consultant for The Overseas Pension.

QROPS that fail to take up proposed rule changes will not be hit by hefty member charges, according to David Higgins, technical expert director for Fairbairn's at Overseas Pensions.