Retirement

Clerical Medical has come under fire for pulling out of a charges deal on its Retirement Selection Plan (RSP), a version of the James Hay SIPP.

SIPP applications received in June by SIPPcentre were up 62% on the same period last year, parent firm A J Bell announced today.

LV= has reduced the rate of interest on its newly launched Flexible Lifetime Mortgage by 0.2pc to 6.75pc.

The Share Centre is to link with Legal & General to offer pension products to clients.

Fidelity FundsNetwork is set to provide early business illustrations and take applications for SIPPs with protected rights from the middle of September.

Hargreaves Lansdown's head of pensions research Tom McPhail has been challenged to a contest setting tracker funds against actively managed funds by EveryInvestor editor-in-chief Chris Gilchrist

More than four in ten retirees expect to receive an income of less than £15,000 a year when they stop working, a survey suggests.

Alliance Trust Savings has launched a webcast and bulletin for advisers, highlighting pros and cons they should consider when advising on investing in shares of unquoted companies in a SIPP.

Over a third of over 55 year olds have outstanding unsecured debts and could be heading for retirement collectively £66bn in the red, averaging over £11,000 per head, according to Key Retirement Solutions.

A staggering 13.6m Britons have never reviewed their pension plans while a further 2.2m have not done so in the past five years, according to Barings Asset Management.