Retirement

Paternoster is calling for regulators to impose a clear framework for companies offering cash inducements to DB members transferring out of a scheme.

Annuity firms must do more to ensure the fair treatment of pension customers, an FSA review into the Open Market Option (OMO) says.

Standard Life has launched a retirement planning tool for advisers to model client retirement scenarios.

Life Trust insurance is expanding its Longevity Income Plan (LIP) product range by now offering six plans.

Norwich Union will offer nearly one million with-profits policyholders £1bn in reattribution to forgo any possible future inherited estates payouts.

Standard Life Assurance has pipped its peers to the post in revealing its intention to accommodate the transfer of protected rights to its SIPP offering.

Almost half of all UK workers do not know about Government tax incentives for pension saving, according to B&CE Benefit Schemes.

The FSA has reminded firms of the complexity of DB pension transfer decisions for consumers, following evidence the number of direct transfers made without advice is increasing.

Nearly half of homeowners are less confident about using equity from their home to supplement their pension, according to MetLife Europe.

Defaqto has upgraded its IFA research tools to provide improved functionality for post-retirement product queries.