Retirement

In this week's quick fire poll we ask: Could pre-funded long-term care insurance products come back into fashion if they had an annuity underpin?

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

Andy Zanelli looks at the issues surrounding death benefits

LV= retirement business has increased sales by 15% to £142m and profits by 20% to £33.7m in the last year, business results have revealed.

The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

The Pensions Ombudsman has ruled against a complainant who argued part of his pension should be classified as defined contribution to protect it from Pension Protection Fund reductions.

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, the Department for Work and Pensions says.

CONDENSED NEWS

The British Medical Association (BMA) has threatened to ballot doctors in May on taking industrial action if the government does not change its stance on NHS pension reform.

High net worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....