Retirement

Following requests from the pensions industry, HM Revenue and Customs (HMRC) has published the Registered Pension Schemes Manual (RPSM) online in PDF format.

Financial education has to be made a priority if the majority of people are not going to miss out on the opportunities of A-Day, according to new research from the Association of Investment Trust Companies (AITC).

The National Association of Pension Funds (NAPF) is urging the Chancellor of the Exchequer to announce a review of the pensions and savings tax regime in his pre-budget report next month.

The Financial Services Authority (FSA) will have limited powers to regulate the sale of self-invested personal pensions (Sipps) and will have to rely on consumer knowledge to avoid mis-selling, according to the Financial Services Consumer Panel.

Increased compulsion on employers could lead to UK plc becoming less competitive, warns Stewart Ritchie, pensions development director at Scottish Equitable, ahead of the publication of the second Pensions Commission report.

Teleconferencing is being used by Clerical Medical to help IFAs understand the opportunities and issues surrounding A-Day.

One million workers will have to rely solely on the State pension scheme to fund their retirement claims, according to research by B&CE Benefit Schemes.

Norwich Union is withdrawing five of their pension products from the marketplace because of the new pension simplification rules after A-Day.

The biggest concerns for the future for private sector defined benefit schemes are deficits, regulations and Pension Protection Fund (PPF) levies, according to the National Association of Pension Funds (NAPF).

The government is determined to remove unnecessary regulation and simplify regulatory burdens to address concerns of pensions schemes over reforms, Stephen told today's NAPF conference.