Retirement

MGM Advantage is to offer retirees a selection of guarantee options on their annuity contracts.

The majority of people accessing their pensions for the first time will be overpaying tax, particularly if they withdraw large sums of cash, Prudential head of business development Vince Smith-Hughes has warned.

Most savers have no intention of taking on the risks of investing in equities once they have begun to draw their pension, research suggests.

Life, pensions and investment group Royal London is investigating the possibility of launching a 'new form' of with-profits product next year, as the number of traditional policyholders declines.

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The Money Advice Service (MAS) directory of retirement advisers will shortly include a display of adviser fees and charges to help consumers compare and contrast, following a delay, its chief executive Caroline Rookes has said.

The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise "complexity and confusion" once the 6 April retirement 'freedoms' are rolled out.

Troubled overseas property investment scheme Harlequin has put its headquarters up for sale.

Restricted advice network giant Sesame witnessed a near-30% fall in new complaints in the second half of last year, as customer gripes related to banking and credit cards rose.

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