Retirement

The Chancellor's Pre-Budget Report amounts to a £2.3bn raid on pension schemes, according to Skandia.

Measures that could make it easier to introduce shared risk pension schemes will be considered by the government and industry in the New Year, Lord McKenzie reveals.

The Consulting Consortium (TCC) has announced it will offer a free pension transfer review to advisers.

Almost 70% of employees believe they will take up auto-enrolment into an occupational pension from 2012, government research claims.

The FSA needs to do its own work to ensure clients receive good pensions advice following its criticism of adviser firms last week, Skandia says.

Defined benefit pension scheme deficits have more than doubled over the past year, with a shortfall of £155bn in November, according to figures from the Pension Protection Fund (PPF).

The Government's decision to cut VAT and then raise it again could add around £3bn to defined benefit pension liabilities, Watson Wyatt warns.

Alliance Trust will no longer accept new business for its Full SIPP from 12 December, due to concerns over poor administration.

UK taxpayers waste more on Inheritance Tax (IHT) payments than any other duty as a result of poor financial planning, research suggests.

More small businesses are turning to small self administered schemes (SSAS) in order to borrow money from their employees' pensions, according to provider Hornbuckle Mitchell.