Retirement

Norwich Union (NU) has added 23 funds to selected pensions products while standardising its stakeholder fund range with each product sharing the same 55 funds.

Aegon UK is calling on policymakers to sanction the second large-scale overhaul in the pensions market in as many years to simplify legislation about taking income in retirement

Advisers have responded angrily to an FSA decision not to reintroduce a 15 year long-stop rule on complaints, but the Financial Services Consumer Panel (FSCP) backs the move.

The FSA has all but ruled out re-introducing a 15-year time limit on complaints against advisers despite admitting it could save firms thousands of pounds a year.

The Government's decision not to use the Pre-Budget Report to bring forward plans for auto-enrolment into workplace pension schemes has been branded as 'disappointing' by the ABI.

Pensions experts are disappointed the Government has not taken the opportunity to review the 75 year rule on annuity purchase in the Pre-Budget Report.

Thousands more pension savers face a 55% tax charge after the Government revealed it will freeze pension allowances until 2016.

High earners may find pension savings more attractive following the Chancellor's hike for those earning more than £150,000.

Poverty amongst pensioners is "spiraling out of control" with one in four approaching retirement in debt, a study suggests.

The Chancellor is being urged to issue more long-dated debt by the National Association of Pension Funds (NAPF), to help the UK in the coming recession.