Investment

Employers no longer have to consult with employees when a group personal pension provider is switched, a lawyer says.

The Origo Options initiative, backed by a number of providers, has cut annuity transfer times at retirement by around two thirds.

A victim of unfair dismissal was compensated for the loss of her defined benefit pension scheme up to her retirement age by the Employment Appeals Tribunal.

Lincoln Financial Group has removed the administration fee on its retirement proposition Lincoln i2Live.

Around six million people will depend on their savings interest for a significant portion of their total income, according to Investec Private Bank.

Pension savers risk huge tax bills on their protected cash if they sign up for their employer's death in service benefits, according to AWD Chase de Vere.

Most IFAs believe they need to double the amount of annuity business they write to generate a "credible" income stream, research suggests.

Employers can reap cost savings from pension salary sacrifice in under a year if the employee contributions are in excess of £500,000 per year, Watson Wyatt says.

Baby boomers have less than one year to decide if they wish to take early retirement, or they could end up waiting an extra five years to leave work, says Killik & Co.

Retirement provision in the UK will worsen if initial commissions are removed by corporate pensions providers, according to Norwich Union.