Retirement

Pensions minister Mike O'Brien has been moved to the energy and climate change department as part of a cabinet reshuffle that has dealt a fresh blow to UK pensions reform.

Life Trust Insurance is set to launch a product designed to help DB pension schemes mitigate their longevity risk.

The Life Trust Foundation (LTF) has warned the financial services industry and policy makers to act now to protect against the 'pension pinch', as life expectancy increases in the UK.

Life Trust Insurance has launched the Longevity Risk Manager (LRM), designed to help defined pension schemes mitigate their longevity risk.

Annuity rates have, so far, been unaffected by the credit crunch, according to Alexander Forbes Annuity Bureau.

Financial services and policy makers must act now to protect millions against the ‘pension pinch' as life expectancy increases and the pensions gap widens, urges Life Trust Foundation.

A J Bell's SIPPcentre adviser registrations have risen by 44% in the twelve months to September 2008, compared to the same period in 2007, as savers fear market volatility.

Friends Provident has enhanced its corporate pensions offering by adding SIPP and income withdrawal options to its New Generation Group Personal Pension.

Today is the first day that around £100bn of protected rights money currently sitting in insured funds can be consolidated into a registered pension scheme including a SIPP.

HSBC has hired Standard Life to provide a Group SIPP for employees wanting to invest maturing HSBC Share Reward Plans into a pension.