Retirement

Alliance Trust Savings has sold its small self-administered scheme (SSAS) business to Xafinity's specialist arm, Hazell Carr SSAS.

Extending working lives and promoting private pensions are essential in making pension systems sustainable and adequate according to the OECD.

People who are will to pay into a pension but have not got around to signing up are collectively losing out on £2.5bn in income tax relief on contributions, analysis has found.

PENSIONS

National Insurance (NI) contributions are due on pre-6 April 2006 employer payments into funded unapproved retirement benefit schemes (FURBS), the Court of Appeal has ruled.

The average women currently retires on more than £5,500 less than the average man, according to a report released today.

About half of small businesses will turn to financial advisers to make sure they are compliant with auto-enrolment employer duties ahead of their staging date, a study of 500 firms has found.

The industry has five years to undertake "radical reform" or face heavy-handed government intervention, a researcher warns.

Proposed financial reporting standards would impose an "unjustified level of disclosure" on pension schemes, the National Association of Pension Funds has said.

Advisers are shying away from recommending pension savers take sufficient risk to grow their retirement portfolios over fears they will be punished by regulators, KPMG has said.