Retirement

The rapid growth of pension buyouts seen in early 2008 is set to continue, according to Pension Corporation director Steven Lowe.

Some pension savers could be hit with penal tax charges due to auto-enrolment in Personal Account in 2012, according to First Actuarial.

The National Association of Pension Funds (NAPF) says retirement savings for low earners risk being undermined by the Pensions Bill.

Some wealthy Britons are exploiting a tax loophole that allows them to retire abroad with their UK pension savings and live tax-free, The Guardian reports.

The Association of British Insurers (ABI) and the Investment Management Association (IMA) have written to the Government asking for clarification on personal accounts limits in the Pensions Bill.

Unit-linked guarantees are set to expand rapidly in the pensions market, according to MetLife.

LV= has agreed to pay all annuity pension planners their tax-free cash within five working days of receiving all funds and/or documentation or pay £1,000 in compensation.

More than three quarters of company and private pension holders withdraw an average of £24,154 to either give away or spend on luxuries, according to Prudential.

Changing demographics of the ageing population combined with a lack of government funding for long-term residential care are fuelling the impaired life insurance market, according to a partner at Clyde & Co.

For the last twelve months, the future for group personal pensions and group stakeholder plans hasn't looked too healthy.