Investment

The Association of British Insurers (ABI) has called for the reform on contracting-out, arguing recent changes such as neutralising rebates have complicated matters as well as undermining its original purpose.

Zurich Financial Services and Scottish Equitable have today broken new ground on depolarisation links and signed a deal to employ ScotEq as the multi-tie pension provider for Zurich's new distribution channel.

Nearly half of UK homeowners now have a mortgage they will still be paying after they retire, a figure that has almost doubled since 1992, Abbey research suggests.

Gordon Brown has announced a minor windfall will be provided towards the basic state pension in an ongoing Government effort to tackle pensioner poverty.

UK actuarial consultancy, Punter Southall will launch a series of solutions for companies, trustees and individuals to aid them through expected changes in legislation for A-Day.

Aegon has voiced its approval to the feedback, policy statement and implementation of the financial advice depolarisation advice 'menu', released by the FSA yesterday.

Much attention has been given to high earners being those who will be most affected after A-Day, however, amendments made after 6 April 2006 will leave more and more people requiring ‘sensible' pensions advice, says Bee.

A computer crash which has crippled benefit pension payments at the DWP since Monday has largely been corrected with nearly all users now able to access their business systems, according to the DWP.

New tax regulations are being introduced to encourage employers to increase the take-up of pension schemes within their workforces.

Christopher Read , chairman at Dunstan Thomas explains some of the lessons his firm has learned in helping to prepare intermediaries for mortgage regulation and how they could be applied to A-Day.