Retirement

The Government has been criticised for failing to go the "whole hog" on allowing protected rights investment in SIPPs.

Two thirds of Brits (66 per cent) have little or no faith in the Government when it comes to pensions, according to a survey by Friends Provident.

Providers have today welcomed the Department for Work and Pensions (DWP) decision to give the go-ahead for protected rights to be held in SIPPs.

Advisers stand to reap the benefits of allowing protected rights investment in SIPPs, but life offices and insurance companies will lose out, Suffolk Life's John Moret says.

Mercer has criticized the Department for Work and Pension's (DWP) proposed change to the Pensions Bill, which would ban employers from providing non pension savings alternatives to personal accounts.

More work must be done to build understanding of workforce pension benefits as research reveals five million people are unaware of pension tax relief, according to The National Association of Pension Funds (NAPF).

Zurich has rolled out two new individual pensions trusts designed to ensure effective estate planning.

Zurich has launched two new individual pensions trusts, the Pensions Discretionary (2 years) Trust and the Pensions Discretionary (80 years) Trust.

Making it illegal for employers to encourage or force workers to opt out of their pension schemes could create new problems in the industry, Scottish Widows warns.

The FSA has only an ‘acceptable' score in the areas of mortgage regulation and regulation of small firms for the last financial year, according to the Financial Services Consumer Panel (FSCP) Annual Report .