Retirement

Retirement Planner's round up of the latest pension stories.

The Financial Services Authority (FSA) has reduced the deficit in its defined benefit pension scheme by £7.4m in the past year.

Partnership expects to complete a medically underwritten bulk annuity deal within the next few weeks in a transaction believed to be the first of its kind.

The majority of people who have not started saving for a pension blame lack of confidence, rather than unwillingness to save as the reason for delaying, research has found.

The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.

The introduction of Solvency II could see annuity rates, currently at record lows, drop a further 20%, Deloitte has warned.

SIPP provider James Hay Partnership has linked with True Potential to offer access to the James Hay iSIPP via the True Potential Wealth Platform.

Bank of Scotland has appointed Mattioli Woods to operate its £140m Pilgrim SIPP.

BlackRock has become the latest in a line of providers and asset managers to launch a master trust before auto-enrolment.

Focusing on simple messages will be a key part of ensuring the success of auto-enrolment, pension minister Steve Webb says.