Retirement

The Revenue has moved to close the loophole regarding a second tax-free lump sum for pre-1987 members of occupational pension schemes, previously left out of the 2005 Finance Act.

Pensions specialist Scottish Equitable has launched a ‘support package' to aid advisers and their clients prepare for A-day.

Financial specialists say it will be 15 years before UK companies clear the deficit of their final salary pension plans.

A specialist lender forecasts a 15% increase in the buy-to-let market in the UK, as a direct result of new regulations regarding self-invested personal pensions (Sipps) following A-Day.

Long-term saving in the UK does not even constitute a period stretching longer than a decade, new research indicates.

More than one in three UK workers, which is the equivalent of 8.5 million individuals, claim they are not offered a pension scheme by their employer, new research indicates.

The government has released a draft form of new regulations regarding Occupational Pension Schemes' member-mominated trustees and directors regulations 2005, to replace the 1996 regulations under the same title.

Standard Life has launched an online interactive service for advisers to guide them through technical pension questions.

Scottish Life has pointed to the potential cash windfall afforded by equity release following new rules fixed to simplification on 6 April 2006.

The government has moved to protect the rights of ageing working Brits by banning the use of forced retirement below the age of 65, however, this shift has met with a cool response from charities.