Retirement

EPIPHANY

Average pensioner incomes have increased by 50% between 1994 and 2011, according to the latest research from the Office of National Statistics.

Prudential is to compensate a member of its own pension scheme after it processed his open market option (OMO) annuity purchase at the wrong time, reducing his total purchase sum.

Workers approaching retirement could be hit by significantly weaker annuity rates as the eurozone's economy enters a technical recession, an adviser group has warned.

The Department for Work and Pensions (DWP) is considering setting up a lifeboat fund for defined contribution (DC) schemes funded by a levy on contributions.

Annuity rates failed to recover from their continued poor performance last month, according to Alexander Forbes Annuity Bureau.

Stewart Dick explores the unwritten rules surrounding income drawdown and warns that these shouldn't cloud an investor's decision.

A potential gap looms between employee and employer expectations of when workers will retire, an Aegon report has warned.

Parts of the self-invested personal pension (SIPP) industry would have been left "dented and bruised" by yesterday's Financial Services Authority damning thematic review, Suffolk Life has said.

Self-invested personal pension (SIPP) providers involved in unregulated collective investment schemes (UCIS) have again been warned about their suitability by the Financial Services Authority (FSA).