Retirement

The Department for Work and Pensions (DWP) has urged people who have not yet claimed their Winter Fuel Payment to check their entitlement ahead of declining weather conditions.

Deloitte has urged pension providers to use simplification as a chance to ‘radically' overhaul administrative platforms, which would embrace a major shake-up in the UK pension system.

UK workers nearest to retirement could be in line to receive a top up to 80% of their scheme pension from the Financial Assistance Scheme (FAS).

The Civil Partnership Act will take effect on 5th December, the Department for Trade and Industry has announced, which opens the way for gay couples to receive financial benefits equal to heterosexual marriages.

Lib Dems have taken up the struggle to impose fairer pension rights for women in an attempt to pick up key votes for the forthcoming election.

The ABI has called for radical restructuring of commission structures which would see a major shift away from initial commissions towards ‘trail' commissions paid only if a buyer maintains premiums over time.

The ABI's annual summary of new life and pensions business indicates a pick up in Annual Premium Equivalent (APE) figures and a prodigious increase in individual single premium business.

SIPP firm A J Bell has criticized the Inland Revenue's intention to impose minimum unsecured pension as a part of ‘back door' change to A-Day tax legislation.

Advisors are cottoning on to the importance of a fast approaching A-Day, as take-up of providers roadshows is climbing with the realization of work required from IFAs before April 2006.

Bill Midgley, president of the British Chamber of Commerce , has come out in defence of the Government's agenda regarding UK civil service pensions.