Retirement

A free guide on SIPPs has been published by provider Pointon York for IFAs to use with clients.

Pending pensions legislation set out in the Finance Bill could open up a 'loophole' for employers wishing to minimise the amount of money they pay in corporate tax, believes A J Bell.

Changes to pending pensions legislation set out in the Finance Bill will see many people delay their retirement date until after A-day, predicts actuary A J Bell.

The Pensions Policy Institute says research into commonly available equity release schemes shows consumers should not bank on their homes to bail them out of poverty in retirement because of the poor rates of return offered.

IFAs are heading towards a brighter future, suggests Steve Bee, head of pensions strategy at Scottish Life, as pension changes will give rise to plenty of advice opportunities.

Many pensioners were given little information about the condition of their private and State retirement benefits prior to their eventual retirement date but would have taken remedial action if known, suggests research published by the DWP.

The number of households receiving Pension Credit in April hit 2.45 million in April, which means the Department of Work and Pensions is now more than halfway towards its target of 4 million households.

IFAs could soon face tough old competition if Virgin Money has its way.

The Occupational Pension Schemes Regulatory Authority has published its new guidelines for trustees in the hope the rules will help people make the right decisions when dealing with underfunded defined benefit schemes.

Relatives of those dead for more than two years ahead of A-day could see the deceased's death benefits subject to a 40% tax charge, says Steve Bee, Scottish Life head of pensions strategy.