Investment

Adair Turner has repeated a warning that the current policy of means-testing certain benefits is putting people off savings for retirement.

Tax-free cash payouts will be heavily dependent on annuity rates after A-Day, while the £1.5m pension pot cap will not be the effective limit Government has made it out to be, warns pension expert Steve Bee.

Publicity will be the key feature to informing consumers about post pensions simplification day on 6 April 2006, suggests Axa, while trust will need to be regained in the pensions industry.

Clerical Medical has launched a website specifically for IFAs offering advice and guidance on pre-A-Day issues.

As many as 18 million homeowners are banking on their property to fund their retirement income, indicates new research.

IFA firm Worldwide Financial Planning has launched its own A-day website to help consumers understand key pension changes taking affect in April 2006

About 40% of people say they are aware of not saving enough for their future well being, while more than half are clueless as to the amount they should be saving, research indicates.

IFAs will need to look in every "nook and cranny" of the recently passed Pensions Bill because of the number of provisions it contains, warns pensions expert Stewart Ritchie.

Employers believe the Pensions Bill is a missed opportunity the CBI has said after the legislation passed its final hurdle.

Up to 80% of affected firms are not prepared for the Inland Revenue's pensions simplification set for April 2006, Hewitt Associates research suggests.