Retirement

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.

The Equity Release Council has revealed it will not replace outgoing director-general Andrea Rozario.

Details of the thematic review of the £11bn annuity market have been revealed by the Financial Services Authority (FSA).

National Employment and Savings Trust (NEST) Corporation has revealed it saw a 40% opt-out rate following its auto-enrolment staging date.

The annuity market will come under investigation by the Financial Services Authority (FSA) later today when a major review is announced.

Over a fifth of retirees are taking out equity release loans to clear outstanding mortgages, according to research by Key Retirement Solutions.

Retirement advice firm Age Partnership is set to launch an equity release lending arm later this year.

Former tax boss Andrew Meeson set up the allegedly "fictitious" Moya pension schemes at the behest of convicted fraudster Thomas Scragg, a court heard yesterday.