Investment

MOVERS & SHAKERS

New staff in the private sector face "next to no chance" of joining a final-salary pension scheme, according to the National Association of Pension Funds (NAPF), after a survey suggested the closure of such schemes is accelerating.

Advice to opt out of state earnings-related pension schemes (SERPs) tops the list of complaints at claims management firm Open Resolution.

Self-invested personal pension (SIPP) provider Dentons has revealed some of the investments it has turned down in the last 12 months.

The Professional Adviser ‘Personality of the Year' award is going to be hotly contested this year between no less than seven nominations.

OFFSHORE

Drawdown customers and their advisers must be aware that despite the 20% uplift being restored, their pension might not increase for a year, Skandia warns.

Government must make the growing numbers of unemployed over-50s ‘a priority' as the state pension age rises, according to Age UK.

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Andrew Roberts, partner at Barnett Waddingham, the independent actuaries and consultants, calls for a "ceasefire" from all political parties on pensions and for them to work together to create a stable system.