Retirement

More than four million employees have now been automatically enrolled in a workplace pension, according to The Pensions Regulator (TPR).

London & Colonial (L&C) has launched an annuity contract with a ‘cash-out' option, which it claims is the first of its kind on the market.

Annuity provider Partnership has signed an investment management agreement with Rothschild to invest £150m in commercial mortgages as it announced a significant fall in annuity sales.

Aegon UK has said that it estimates the charge caps for auto-enrolment business will cost it between £20m to £25m a year, as it reported a 30% rise in pre-tax earnings for the second quarter.

Royal London has launched an annuity shopping around service to assist customers looking to buy a guaranteed income for life at the best rates.

A series of workshops designed to give adviser firms actionable ideas on transitioning legacy assets has been launched.

Government plans to offer independent guidance to all retirees do not go far enough because retirement needs are too complex, argues St James's Place (SJP).

Most pensions schemes plan to offer members more help at retirement than is proposed under the government's guidance guarantee, according to a consultant.

In this week's quick-fire poll we ask: Do you advise on equity release?

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days