Retirement

CREDIT Suisse's retail arm is fast losing credibility amongst IFAs with two thirds admitting the recent turmoil and fund manager upheaval has put them off recommending its funds.

The Financial Services Authority has delayed the decision over RU64 until the early part of 2007, because of the uncertainty over personal accounts.

A decision on alternatively secured pensions could appear in a technical paper on decumulation, ahead of the pre-Budget Report.

The government is thinking of replacing the State Second Pension with fixed rate accruals from as early as 2012.

James Purnell, minister for pensions reform, has confirmed details of a delivery authority for personal accounts will be announced in a separate white paper to be published in the first week of December.

Research into the retirement habits of the self-employed reveals advisers are seen in a negative light.

Concerns about the suitability of auto-enrolling certain people into personal accounts need to be taken into account by the government.

Aegon is launching its first proposition into the pension buyout market with a wind-up funding solution aimed at the smaller end of the market.

Advisers should be aware income drawdown may not be the most sustainable way of providing income for their clients, and should consider a scheme pension instead.

'Overbearing' regulation has hurt pension schemes more than changes to the tax system claims Aon Consulting.