Retirement

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A J Bell Group has attacked providers for what it says is a "total abdication of responsibility" towards clients who have bought into Executive Pensions Plans (EPP) ahead of rule changes being introduced with A-Day.

The bickering began early yesterday with the three organisations with the main alternatives to the National Pension Savings Scheme (NPSS) each jostling for position.

Only one in nine people would trust the financial services industry to look after their pension pot, according to research from Which?.

Steve Folkard, head of pensions and savings policy at Axa Sun Life, analyses the potential impact of implementing the NPSS.

Up to 57% of people would consider taking their state pension a few years later than the minimum retirement age if this meant a larger payout new research from Skandia claims.

Most people have little faith a new government computer system will manage their pension savings effectively and do not feel confident when it comes to choosing how their pension savings should be invested, new research reveals.

Regulation of a National Pension Savings Scheme (NPSS) model will be very difficult and expensive to implement based on the current problems with stakeholder pensions, claims an industry expert.

New rules relating to employers' pension contributions after A-Day could lead to a system of "postcode pensions" where some payments are allowed and some are rejected.

Retirement planning remains the main reason for seeking financial advice, claims research from IFA Promotion (IFAP).