Retirement

Rowanmoor Pensions, the result of a management buyout of part of James Hay, is planning its future starting with a series of IFA roadshows over the next few months.

Despite a fall in the number of complaints received, the Pensions Ombudsman warns even if no more are made, IT problems mean it would still take a year to clear the backlog.

Life offices may have succeeded in finding a way around a potential 70% tax charge for members who want to transfer their pensions after taking tax-free cash.

A hybrid scheme which might include financial advice has been put forward by Fidelity International as an alternative to the government's proposed personal accounts.

More than 70% of consumers believe they will need advice on whether to opt-in or out of the new personal accounts.

HM Revenue and Customs have published an updated version of the Registered Pension Scheme Manual.

Low administration charges are not the most important aspect of the proposed personal accounts, claims the Pension Policy Institute.

Life Offices

As the last days of August approach and we near the end of summer, it seems pensions finally appear to have taken a long awaited break.

The life and pensions sector has continued to grow significantly with annuities hitting a record level of sales, claims the Association of British Insurers.