Retirement

Around six million people will depend on their savings interest for a significant portion of their total income, according to Investec Private Bank.

Pension savers risk huge tax bills on their protected cash if they sign up for their employer's death in service benefits, according to AWD Chase de Vere.

Most IFAs believe they need to double the amount of annuity business they write to generate a "credible" income stream, research suggests.

Employers can reap cost savings from pension salary sacrifice in under a year if the employee contributions are in excess of £500,000 per year, Watson Wyatt says.

AXA Winterthur is offering its SIPP customers the chance to invest in a venture fund from Longbow Capital.

Baby boomers have less than one year to decide if they wish to take early retirement, or they could end up waiting an extra five years to leave work, says Killik & Co.

Annuity rates have dropped significantly during the last month, showing level annuity returns are coming under pressure, Alexander Forbes Annuity Bureau says.

Retirement provision in the UK will worsen if initial commissions are removed by corporate pensions providers, according to Norwich Union.

A nationwide study examining the financial options open to retirees and the advice they will need is being launched by the Association of IFAs (AIFA) and Prudential UK.

The Government should pay half of this year's Pension Protection Fund levy in a bid to help scheme sponsors, Punter Southall says.