Retirement

Actuarial firms Wolanski & Co and CheckleyFisher have announced they are to merge to form a new actuarial and corporate pension specialist.

Around 90% of pension schemes say the changes to the Pensions Act 2004 and the Finance Act 2004 have not improved the take-up of the scheme or simplified the administration, according to research from Capita Hartshead.

The Association of British Insurers (ABI) argues self-employed people should be automatically enrolled into any new low cost savings scheme such as the National Pension Savings Scheme (NPSS) or its own idea for ‘Partnership Pensions'.

Aegon launching a major advertising campaign to target corporate decision makers, at a time when it is looking into a move into the bulk annuities market.

Mis-trust of wrap platforms by IFAs, and fears providers could sell direct to consumers are understandable but unfounded, claims Standard Life's marketing director.

An ageing population and changes in technology are forcing the life and pensions industry to adopt a new business model which puts its focus on the consumer rather than financial advisers, claims Standard Life's Trevor Matthews.

One of the key benefits of Lord Turner's proposed National Pension Savings Scheme (NPSS) is its suitability to everyone means there is no need for the inclusion of regulated advice, claims the ABI.

The introduction of a National Pension Savings Scheme (NPSS) "would be a disaster" unless public apathy towards saving is tackled ahead of concerns about the cost of the scheme, claims Winterthur Life.

Equitable has just agreed to transfer most of its non-profit pension annuity business to Canada Life, amounting to around 130,000 policies and assets worth over £4.6bn.

One in six, or 1.76m, pensioners in the UK have an outstanding mortgage on their home - with an average debt of £45,313 - creatng a nationwide debt of almost £80bn, suggests new research from Scottish Widows Bank.