Retirement

Amendments to the pension simplification regulations published just before A-Day, reveal only 25% of protected rights in a pension can be taken as a pension commencement lump sum (PCLS), even if the scheme member is entitled to a higher amount.

Suffolk Life will no longer accept self-invested personal pension business which comes direct from the public.

The Association of British Insurers (ABI) has admitted it is worried about the prospect of a National Pension Savings Scheme (NPSS) or an appropriate alternative not breaking even 30 years.

The introduction of a National Pension Savings Scheme (NPSS) will not get rid of the need for financial advice, claims Which?

Selestia has announced the launch of its Collective Retirement Account following approval from HM Revenue & Customs (HMRC).

Fifty per cent of companies named in the FTSE 100 index are theoretically able to pay off their pension deficits within a year according to research from KPMG Corporate Finance.

The Pensions Reform Group (PRG), led by Frank Field MP, former Minister for Welfare, is meeting with the Prime Minister today to put forward an alternative method of financing the reform of the basic state pension.

Nearly three-quarters of member-nominated trustees (MNTs) want to see a formal qualification for trustees, to help meet the requirements for trustee knowledge and understanding (TKU), claims a survey by the Trades Union Congress (TUC).

Selestia has entered the pensions market for the first time after receiving the relevant permission from Her Majesty's Revenue and Customs (HMRC).

The Rights of Savers Private Members Bill, put forward by Sir Malcolm Rifkind, and which included the introduction of a Savings and Retirement Account (SaRA), has finally been thrown out by the government.