Retirement

The Association of British Insurers (ABI) has responded to concerns too many pension scheme members are unaware of the Open Market Option (OMO) by publishing new guidance to providers.

The pensions industry is crying out for a ‘campaign of change' as retirees are failing to take advantage of their pension rights under the Open Market Option (OMO), Living Time says.

Norwich Union has displaced Aegon Scottish Equitable as the firm offering the most competitive level annuity rates, according to Alexander Forbes.

More than two million Britons have reviewed their pension plans in the past year due to tumbling property prices but a third of the working age population have no plans at all, according to Baring Asset Management.

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Large numbers of pension scheme managers have shifted investments from equities to bonds and other investments over the past twelve months, according to Aon Consulting.

European Pensions Management (EPM) has launched its no annual charge Funds SIPP which will give clients access to thousands of unit trusts and OEICs with discounted charges.

The CII Group has launched a series of podcasts offering advisers a simple guide to navigating the regulatory minefield surrounding Treating Customers Fairly (TCF).

Aegon is calling on the Personal Accounts Delivery Authority (PADA) to make the long-term financial security of the personal accounts scheme top priority when recommending charging structures.

SIPP specialist European Pensions Management (EPM) has launched its no annual charge Funds SIPP, which incorporates no charges for contributions on transfers in and a free protected rights facility.