Retirement

Traditional pension products and policies are outdated and a major rethink is needed as baby boomers approach retirement, according to pensions expert Dr Ros Altmann.

Open Annuities, the UK parent company of London & Colonial Assurance, has acquired The Fiduciary Corporation, a UK SIPP specialist trading as L&C Pensions.

Equity release provider Key Retirement Solutions (KRS), insurance broker and employee benefits consultant Heath Lambert Group and Diabetes UK have teamed up.

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Calls to temporarily end forced annuitisation at 75 do not nearly go far enough, according to Skandia.

Skandia has reduced the annual management charge on its single priced income withdrawal pension product by 0.5% for new investors.

A board member of the Pension Protection Fund (PPF) has been appointed acting chair of the Personal Account Delivery Authority (PADA) following Paul Myners's resignation.

Fears for the existing pensions market ahead of the introduction of personal accounts have been partly quelled after the Government said it would impose strict limits on contributions.

MetLife Europe will host a series of webchats and presentations for advisers, building on the launch of its Retirement Portfolio.

Lincoln Financial Group's (LFG) i2Live Annuity and Drawdown products have been added to Thinc's At Retirement product panel.