Retirement

Pensioners are still set to see a 50% fall in income when they retire despite proposals in last week's pensions reform white paper to improve future pension saving, claims Fidelity International.

As falling bond and gilt yields cause conventional annuity rates to continue to decrease, with-profit annuities are becoming more popular with both advisers and consumers, claims Prudential.

Capita Hartshead has been appointed by the Pension Protection Fund (PPF) to take administrative control of compensation payments to members of eligible defined benefit (DB) pension schemes which have failed.

The code of practice on trustee knowledge and understanding (TKU) is one of four sets of guidance to have come into effect from the Pensions Regulator.

fund supermarkets

Guidance on how contingent assets can be used when calculating scheme funding for defined benefit pension schemes has been published by the Pensions Regulator.

An appeal over the way a pension in payment is treated in a divorce settlement has set a precedent to stop them being treated as capital assets.

White paper proposals for simplifying the state pension system have been broadly welcomed but the role of advice still needs to be addressed to show the government has learnt its lesson from stakeholders, claims Alexander Forbes Financial Services.

The bulk annuity market looks set to expand from a market dominated by just two companies, to a more competitive sector with at least four new entrants announced in as many months.

Proposals to abolishing contracting-out for defined contribution (DC) pension schemes outlined in yesterday's white paper has caused concern among some sectors of the industry.