Retirement

Up to 40% of people retiring could be eligible to receive a bigger pension by considering an impaired life or enhanced rate annuity, instead of a standard rate annuity, claims Bank of Scotland Annuity Service (BOSAS).

UK workers who put off starting retirement investing until their 35th birthdays risk spending the first 15% of their working day for the rest of their working lives just to build up a retirement income equal to two-thirds of current average income.

Self invested personal pensions providers need to guard against over enthusiasm or risk leaving themselves open to mis-selling and negligence, city law firm Reynolds Porter Chamberlain (RPC) has warned.

Scottish Life has launched an A-Day "survival pack" for intermediaries designed to help them understand and work within the new pension legislation.

A five point plan to help employers and trustees cope with pensions tax simplification rules has been launched by the Pensions Regulator.

An independent pensions commission should be appointed to advise ministers on the way forward for UK pensions, according to the National Association of Pension Funds.

The head of the Pensions Commission, Adair Turner, has given his strongest indication yet that he will recommend an increase in the retirement age and compulsory pension provision when he publishes his final report on 30 November.

Over £5.7bn lies unused and unwanted every year in the UK as nearly five million people fail to take advantage of their company pension schemes, new research states.

New draft regulations published last week will guarantee member of non-money purchase scheme an annual benefits information statement, according to Minister for Pensions Reform, Stephen Timms.

The Trades Union Congress (TUC) set out its conference agenda on pensions yesterday saying it will call for an enhanced indexed state pension and for employers to be compelled to contribute 10% to either the state second pension, occupational or other...