Retirement

FIVE THINGS

Increased polarisation within the bespoke SIPP market could lead to the emergence of niche esoteric providers, AMPs' chairman has said.

An e-petition calling for drawdown rates to be revised to help pensioners who have seen their income drop has been posted on the government's website.

The Pensions Income Choice Association (PICA) has pushed Steve Webb to ensure 2.5 million members of trust-based pension schemes are covered by the forthcoming industry code of conduct.

More than half a million low-paid workers could lose out on thousands of pounds in employer pension contributions if the government increases the auto-enrolment earning trigger, unions have claimed.

The pensions industry needs to rebuild trust if people are to plan for retirement, a campaign manager has said.

A list of permitted self-invested personal pension (SIPP) investments would bring clarity to the market but would be hard to implement, Hornbuckle Mitchell has said.

John Lawson, head of pensions policy at Standard Life, is to join rival Aviva in the New Year as head of policy, corporate benefits.

Fixed term annuities can benefit clients in the right situation and should be given full consideration by advisers dealing with clients approaching retirement, according to a report.

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