Retirement

The government should do more to ‘ease the pain' suffered by drawdown pensioners, many of whom will not be helped by the 120% limit reinstatement until 2014, Standard Life has said.

Hargreaves Lansdown has set up a pension contribution calculator to help people work out their annual allowance and carry forward allocations.

The Pensions Advisory Service (TPAS) is looking to set up a tool on its website to help firms pick an adviser for employees approaching retirement.

Kate Brookes, IFA at Jones Hill, said she is feeling positive about the future after failing to hit a much anticipated "brick wall" on 1 January.

The future cost of public pensions could cost the taxpayer an extra £9bn a year from 2020.

Berkeley Burke SIPP Administration has revealed that it has stopped accepting overseas property into its self-invested personal pension (SIPP).

MOVERS & SHAKERS

The National Employment Savings Trust (NEST) has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

Insurance companies such as Standard Life and Resolution could lose out from a Financial Services Authority (FSA) probe into the £11bn annuities market, analysts said.

The Financial Services Authority's (FSA's) thematic review into the annuity market needs to go much further than its current remit to reflect the development the market, a provider has said.