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Retirement

Investment

No protection could mean loss of £3bn tax free cash

Employees could lose up to £3bn in tax-free cash if they fail to protect their entitlement to more than 25% of their pension fund, estimates Standard Life.

clock 11 November 2005 •

Investment

L&G launches summary guide of Pensions Act

A summary of the Pensions Act 2004 has been made available for financial advisers in the latest Pension Profile from Legal and General.

clock 11 November 2005 •

Investment

Financial education crucial for pension saving

Financial education and information is crucial for helping people plan sensibly for their retirement, Stephen Timms has told an EU presidency meeting in Brussels.

clock 10 November 2005 •

Investment

Hosker report criticises OPRA communication failings

Officials from the Occupational Pension Regulatory Authority (OPRA) have been criticised in a report from the Department for Work and Pensions (DWP) for their handling of the theft of almost £3m from an occupational pension scheme.

clock 09 November 2005 •

Investment

PPF regulations released for consultation

Regulations governing the Pension Protection Fund (PPF) have been released for consultation by the Department for Work and Pensions (DWP).

clock 09 November 2005 •

Investment

A-day customer service to cost £100m

Pension Simplification could leave the pensions industry facing a £100m customer service bill, answering questions from IFAs and customers about the A-day changes, claims software company Transversal.

clock 08 November 2005 •

Investment

Hutton determined to carry on reform

On his first Ministerial appearance since taking over the role of Secretary of State for Work and Pensions, John Hutton has said he is determined to carry on his predecesor's programme of reform.

clock 08 November 2005 •

Mortgages

Consumers confused about equity release says KRS

More than half of UK consumers believe equity release is risky due to serious misconceptions they hold about these products, new research reveals.

clock 08 November 2005 •

Investment

Proposed drawdown figures could reduce income by 40%

Under new maximum drawdown levels published for consultation, a person moving to an alternatively secured pension when they reach 75 could see a drop in maximum income of around 40%.

clock 08 November 2005 •

Investment

More drawdown products to use installation fees - Defaqto

More income drawdown products will start charging installation or set up fees after the A-day changes come into effect, claims a new report by Defaqto.

clock 08 November 2005 •
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