Retirement

Corporate wraps giving 'blue collar' workers access to self-invested personal pension (SIPP) products will never break through traditional barriers like employee engagement, according to LV=.

Local council pensions have a total deficit of £54bn, equating to about £2,000 for every family in the country, according to research from the Taxpayers' Alliance.

The number of Guernsey-based qualifying recognised overseas pension schemes (QROPS) has been slashed by HM Revenue & Customs (HMRC) from 313 to just three.

Pension transfer providers believe The Pensions Regulator (TPR) should issue guidance to trustees to simplify and speed up the process, according to a government report.

Annuity providers marginally increased single life annuity rates this month following the rise in gilt yields to just under 3%, figures have shown.

The sale of variable annuities and advice given to consumers will be closely scrutinised to limit potential mis-selling, a European Union (EU) pension body says.

Widespread errors in government estimates of life expectancy could end up costing taxpayers billions, the International Monetary Fund (IMF) has warned.

John Whiting, tax director of the Office of Tax Simplification said taxing the state pension at source is a likely option as government look at ways to streamline the tax system for pensioners.

Steve Latto explains how clients can use SIPPs to build their childrens' futures.

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