Retirement

Pension specialist First Actuarial warns the draft code of practice issued by the Pension's Regulator, on funding defined benefit pension schemes, will mislead pension scheme members.

Global research indicates an ever-emerging shift away from traditional retirement with just over one in ten individuals matching financial independence with old age.

Human resources consultant Mellon is hosting a series of seminars in May to alert trustees and employers of new defined benefit pension schemes funding requirements.

The Pensions Regulator has put out its draft consultation period regarding the code for early occupational pension scheme leavers.

Consultant Watson Wyatt says pension simplification and A-Day threaten possible tax rates up to 95% on parts of benefits, causing executives in the biggest UK firms to shift their retirement savings to UURBS.

Pensioners may have seen their incomes rise by close to a third in the past decade, but council tax has clawed this back and then some, according to figures published by Key Retirement Solutions.

Members of money purchase pension schemes are far less aware of potential future benefits than those expecting retirement income linked to final salary, according to consultant Watson Wyatt.

A 'survival pack' of information on A-Day is to be published offline by Scottish Life, based on information available from its online ‘technical central' resource centre.

Winterthur Life UK has today launched a flexible Self invested personal pension (Sipp) in anticipation of the new A-Day rules due to come into force next year.

Ignorance or foolishness seem to pervade punters views on how much they need to save for retirement, according to a Sesame survey of expected pension funds required to live comfortably in retirement.