Retirement

Verbatim Asset Management's discretionary fund manager (DFM) offering is now available on Suffolk Life's single investment manager self-invested personal pension (SimSIPP).

The National Employment Savings Trust (NEST) £4,400 contribution cap may prevent some of its members from achieving adequate retirement income, according to the Pensions Policy Institute (PPI).

UK enhanced annuity sales reached £4.48bn in 2012, an increase of 49% from the previous year, according to research from a pension consultant.

Aviva is extending guarantees and offering an increased value protection period on annuities.

Advisers should act now to use ‘carry forward' to protect clients' tax relief on pension contributions ahead of the top tax rate cut, according to Suffolk Life.

Enhanced annuity provider Partnership Assurance is set to be floated on the stock exchange in a £1bn listing, according to the Sunday Times.

Friends life has held annual bonus rates on its with-profits funds as the provider experienced positive investment returns over the past year.

LIBERATED?

State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.

A larger-than-usual increase in pension sales in the final three months of last year suggests a "push for commission" among financial advisers, according to research consultancy Fundscape.