Retirement

The cost of registering a lasting power of attorney (LPA) has been reduced from £130 to £110, the government has announced.

NEST Corporation, the trustee body that runs auto-enrolment pension scheme NEST, has been defrauded out of more than £1.4m, it has revealed.

Membership of private pensions has hit a new low, according to the Office for National Statistics.

The GAD drawdown yield for August has been set 2.75%, up a quarter of a per cent on July, meaning drawdown pensioners can increase the amount of income they can take from their pot.

A high-profile court case to determine whether pension liberation schemes are illegal will begin on 16 July.

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

The current pension tax relief set-up offers significant advantages over ISAs but is poorly understood by savers and ‘radical alternatives' should be explored, a report has concluded.

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

Closed-life consolidator Phoenix Group Holdings has confirmed it is in initial talks with Swiss Re's Admin Re Business Unit over a potential merger.

Intermediaries have helped boost the equity release market by 29% over the past two years, figures from the Equity Release Council have revealed.