Retirement

Reminding the public of the importance of pension savings, even in an economic downturn, is the biggest challenge facing the pensions industry, according to the Pensions Minister.

Over 3000 IFAs have downloaded the JPMorgan Asset Management (JPMAM) Treating Customers Fairly report, in a bid to be compliant before the December deadline.

The vast majority of IFAs believe new retirement solutions are needed to meet their clients' changing needs, according to a survey by Aegon.

The European Union has warned pension regulators to operate a flexible approach to schemes that need to build up assets to meet future commitments.

The Pension Corporation says it plans to raise up to £400m from investors to fund acquisitions, with a long-term aim of servicing around £20bn worth of defined benefit (DB) pensions.

Premature access to cash saved in a pension scheme threatens to defeat their purpose entirely, Aegon head of pensions development Rachel Vahey warns.

Advisers' search for fresh income streams in the midst of the credit crunch has hit a wall, statistics released by the Association of British Insurers (ABI) suggest.

Retirement savers are in the dark over annuity payouts, with one in five of those planning to retire within the next five years admitting they have no idea of the income they will receive from their company money purchase scheme.

PADA chief executive Tim Jones will join Ned Cazalet to speak at the TISA Retirement Savings Challenge conference.

The equity release market will double within five years as the Government becomes "actively engaged" in the sector, a panel of industry experts argues.