Retirement

A work till you drop policy in the UK seems an inevitable following comments made by the head of the Pensions Commission, Adair Turner.

The Liberal Democrats are attempting a last-minute coup to close what it sees as a costly pensions tax loophole arising as part of pensions simplification arrangements from April next year.

The Pensions Regulator has published its code of practice regarding ‘notifiable events'.

Employers are now able to promote group personal pension and stakeholder pension schemes to their employees, under changes made by the Treasury to the Financial Promotions Order (FPO) which start today.

The Trade Unions Congress (TUC) says the state pension age could be maintained at 65 if the government met its employment targets.

Revenue & Customs (HMRC) has said it will offer no protection for any Self Invested Personal Pension (Sipp)borrowing agreed before A-Day where funds are drawn down after the introduction of pension simplification rules on 6 April 2006.

PORTALS

Some familiar gripes emerged about the existing wrap propositions - lack of fund choice and hidden or high charges. Many still consider that there is no true wrap proposition on the market

The FTSE 100 Index continued to move upwards today, albeit only 4 points to 5113.20, by the markets close a short while ago.