Retirement

Advisers are seeking alternatives instead of ‘locking clients into' low conventional annuity rates, according to research.

The National Employment Savings Trust (NEST) has lost out on major corporate business because of the restrictions placed on it by the government, according to chief executive Tim Jones.

Pension experts are urging women to make retirement provision as research shows nearly half (43%) are relying on joint savings with their partners.

KEEP IT SIMPLE

The industry must work together to solve the problem of the growing "advice gap" which will affect millions of people with small pension savings, a think-tank has warned.

The average 50-year-old has paid three-and-a-half times as much direct tax than they have invested in their pension when they hit 50, according to analysis from MetLife.

The Association of British Insurers (ABI) has launched a consultation on the transparency of annuity rates to ensure consumers approaching retirement get the best deal.

Will the lower projection rates introduced by the FSA deter people from saving into personal pensions?

Retirement Planner's round-up of the top pension stories this week.

Restrictions on the National Employment Savings Trust (NEST) could leave medium-sized employers with only one provider to choose from for auto-enrolment, the pensions minister has said.