Retirement

Developing rules of thumb could help members manage their defined contribution (DC) pots more effectively as they save for retirement, a report from the Pensions Policy Institute (PPI) has said.

Providers need to simplify drawdown charges or the regulator will intervene, founder of The Platforum and Boring Money Holly Mackay has said.

Origo is to establish a nationwide register of pension assets to help the 'pension dashboard' concept develop.

Homeowners aged between 65 and 74 are increasingly using equity release to supplement their income in later life, figures from the Equity Release Council's (ERC) market report have shown.

Partnership is to launch a self-invested personal pension (SIPP) account which houses both annuity and drawdown options.

Guardian SIPP is in talks to allow investors trapped in troubled investments to buy their way out of paying mounting administration fees, and to have direct access to any money clawed back from the firms deemed liable for their losses.

BlackRock has launched a retirement income tool to allow consumers to determine how much they need to save to avoid running out of money in retirement.

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