Retirement

Figures published by the DWP today imply it could take up to 12 years before the entire working population of the UK receives combined pensions forecasts as a matter of course.

The Pep and Isa Managers Association is urging the government to reconsider the position of the tax efficient savings it represents within the scope of the Pensions Bill, which comes up for its second reading next week.

Size of the lump sum gained when deferring state pensions will NOT be as big as initially proposed in the Pensions Bill published two weeks ago, reveals the latest announcement from the Department for Work and Pensions.

Consumer confidence in the UK financial services industry may not be moving as quickly as anticipated, according to new business figures from the Association of British Insurers.

Deferred state pensions which are later taken as a lump sum will NOT count against most pensioners when calculating their entitlements to other benefits, suggest industry experts looking at last Thursday's Pensions Bill proposals.

The Department for Work and Pensions says today's public sector strike, if repeated in future would be unlikely to disrupt its ability to meet responsibilities to supply data required for combined pensions statements.

Independent Financial Advisers stand to gain if more employers with small- to medium-sized defined benefits (DB) pension schemes move towards a "bundled" approach, says Scottish Life.

Pensions provider and administrator James Hay has relaunched its online SIPP management service, which will allow advisers and clients to view and manage more than 32,000 SIPPs online.

Employers might not find out how much they will be paying for the Pension Protection Fund until five days before the scheme will come into effect, warns Steve Bee.

The cost to employers has so far been the main caveate applied to views on the Pensions Protection Fund, but a closer inspection of the powers of the new pensions regulator, taking over after OPRA, reveals there may be other issues to consider.