Retirement

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.

An apathetic attitude to pensions is prevalent in the UK, new research by Baring Asset Management has revealed.

MetLife Europe has appointed Claire Oldstein as UK head of marketing communications as it continues expanding into the UK retirement and savings market.

Fee-based IFA support service provider threesixy, has launched a product panel for its clients, listing partners offering ‘third way' pension products.

Delaying pension contributions by ten years at the age of 25 could cost around £40,000 more to get the same level of retirement income, according to Legal & General.

It is "only a matter of time" before the FSA begins a crackdown on providers over in-specie transfers of SIPPs, Suffolk Life's John Moret says.

Friends Provident expects new pensions business to fall further in the second half of 2008 as it continues to pay for pipeline business after disbanding initial commissions.