Retirement

Advisory firm the Lighthouse Group has offloaded pensions provider City Trustees to Mattioli Woods for £1.85m.

Just Retirement generated record new business in the 12 months to June, exceeding the £1bn mark for the first time.

Britons display "worryingly" low levels of optimism towards preparing for retirement and possess a gloomier outlook than their counterparts across the Atlantic, a study suggests.

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

The FSA has issued a warning to advisers over occupational pension transfer deals after it became concerned over the quality of advice being given.

The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

Board members of the Personal Accounts Delivery Authority (PADA) could have received up to £720,000 in the 2009/2010 financial year.

The FSA has ruled out allowing provider factoring on group personal pensions (GPP) advice despite admitting concerns over up-front costs.

Partnership has recently launched an online service aimed at helping people retiring with pension pots of less than £30,000 find the best annuity. Andrew Megson talks to Helen Morrissey about how the service is developing