Retirement

People approaching retirement should seek professional advice on how to drawdown their pension as they are likely to take a double hit from lower gilt yields and falling fund values.

The value of Legal & General's with-profits fund fell 18% during 2008, leading to a cut in bonus rates.

Employers are being warned not to cut contributions to their final salary pension schemes if they are still able to pay dividends to shareholders.

The effect of inflation on retirement incomes is a major concern for British pension savers, according to Lincoln Financial Group.

Norwich Union's with-profits policyholders are unlikely to receive their cash from the reattribution of its inherited estate until 2010.

Transfer values have been rising steadily despite significant falls in scheme funding levels, Hargreaves Lansdown says.

Hornbuckle Mitchell saw SIPP and SSAS business grow by 24% during 2008, with a surge in interest since the beginning of the financial crisis.

The FSA is refusing to disclose the qualifications of its officials who will host a series of pension switching roadshows this summer.

Adviser confidence in Standard Life has taken a battering in the aftermath of the Sterling pension fund debacle, research suggests.

Corporate pension advice is too commission focused, which leads to poor retirement provision for employees and a bad deal for employers, according to Towry Law.