Retirement

SIPP contribution levels are likely to fall in early 2009 as concern over the state of the economy mounts, according to European Pensions Management (EPM).

Freedom SIPP has closed to new business due to administrative deficiencies identified by the FSA.

Defined contribution schemes will move increasingly to target date funds over the course of 2009 with greater emphasis on member engagement, industry experts claim.

Norwich Union has returned £10m in unclaimed assets to investors as part of a comprehensive review of unclaimed policies.

Most investors will miss the upward bounces of the FTSE next year, according to Rowanmoor Pensions joint MD David Seaton.

The Pension Protection Fund has rejected claims it will be forced to cut member benefits as a result of the recession.

Service levels are set to become a key battleground for SIPP providers as competition hots up.

Advisers and providers have rejected claims pension fees can swallow up to 40% of cash invested by savers over the lifetime of a policy.

The DWP has begun a consultation on the effects of age discrimination on employers' flexible retirement policies.

Living Time has announced it will allow customers to invest Protected Rights pension cash in its fixed-term annuities.