Retirement

The Association of British Insurers is having second thoughts about meeting the challenge laid down by the government to come up with an alternative to the National Pension Saving Scheme, IFAonline has learnt.

The first payments from the Pension Education Fund (PEF) have been announced by the Department for Work and Pensions (DWP).

The Association of Independent Financial Advisers has launched a "Contracting Out" website, which aims to offer consumers a clear route to advice on the issue.

The public will be able to have their say on the Pensions Commission's findings and these results will help inform a Government White Paper, says Secretary of State for Work and Pensions John Hutton.

Members of Friends Provident defined contribution (DC) pension schemes are to receive a series of leaflets to help them understand the impact of A-Day.

Changes to the borrowing limits on commercial property in self-invested personal pensions (Sipps) and small self-administerd schemes (Ssas) could be acting as an entry barrier for smaller businesses, claims Hornbuckle Mitchell.

The Financial Services Authority has launched a pensions website for consumers providing information about A-day and urging people to review their pensions arrangements.

New pension regulations published by the government mean employers will now have to consult scheme members before making major changes to a pension scheme.

Scottish Life is to improve its range of external fund links to give intermediaries access to funds that are more likely to meet their client's needs, by providing a 'fund matrix'.

Everyone born on or after 6 April 1960 should be carefully reviewing their pension arrangements before A-Day arrives, claims Winterthur Life.