Retirement

Almost two million people plan to use property to fund over 50% of their retirement income claims a new report from Prudential.

Winterthur Life have announced they will not only be keeping open their Executive Pension Plan (EPP) after A-Day, they will also be acting as scheme administrator.

A new organisation, known as The-Pensions-Net-Work, is being been established to discuss and examine in detail the latest issues in the pensions industry.

A new guide to help pension trustees perform their duties properly has been launched by the National Association of Pension Funds (NAPF).

A new code of practice from the Pensions Regulator, on reasonable time periods for early leavers from pension schemes, has been laid before Parliament.

Despite receiving bonus payments of more than £1m, many City professionals will be taking advantage of the A-Day changes instead of buying fast cars and big yachts, claims Route Wealth Management.

Unquoted shares could follow residential property and other more esoteric assets, and become effectively banned from self-invested personal pensions (SIPPs) in the Budget next week, warns A J Bell group.

John Hutton, Secretary of State for Work and Pensions has admitted reforms to the State pension should try and stop the spread of mean-testing to allow people to save with confidence.

The Department for Work and Pensions (DWP) has told the Parliamentary Ombudsman the Government is "not minded" to accept the findings of maladministration against it, and will not implement her recommendations.

Almost a third of adults are planning to use inheritance to fund their retirement despite 23% being unaware of the Inheritance Tax (IHT) charge if assets are over £275,000, claims investment manager Brewin Dolphin Securities.