Retirement

Peer Matthew Oakeshott, the Liberal Democrats spokesman on work and pensions, has raised some concerns over the impact of Sipps on the pensions market.

Isa sales vastly improved in April compared with the previous month to rise by almost a third, but total funds under management are struggling to hold their ground as a result of lower institutional sales.

High street bank Barclays has confirmed details of its ‘Select Choice' distribution agreement with a host of life insurers to offer its pensions, protection and investment products post depolarisation.

Monthly inflation is 67% higher for over-75s running a household compared with people aged under 30, a new study indicates.

Fidelity FundsNetwork is launching a ten-week re-registration campaign offering cash incentives to persuade investment advisers to consolidate clients' legacy investments onto its platform.

The Inland Revenue has confirmed its intention to enforce a second lifetime allowance test on individuals moving from ‘new regime drawdown' to an alternatively secured pension (ASP).

Standard Life has this week signed an agreement to link to the HSBC Life Amanah Pension Fund for its pension customers.

the industry view

platforms

The Confederation of British Industry (CBI) has put its weight behind a ‘reformed second state pension' (S2P) as a major step in solving the UK pension crisis.