Retirement

Pension Insurance Corporation has launched a new insurance product to protect defined benefit pension funds and their sponsors against the cost of pensioners living longer than expected.

The proportion of UK workers concerned they will not be able to afford the 4% contribution to a personal account has risen, a study suggests.

Alliance Trust Savings has launched a webcast designed to help advisers understand the options for transferring in-specie assets into pension plans.

BNP Paribas Securities Services has unveiled a white-label SIPP solution which will enable advisers, wealth managers and asset managers to launch their own SIPP product.

Prudential has launched a new lower cost FundSIPP option which will give direct access to 1,1000 funds through supermarket Cofunds.

The European Commission has confirmed that automatic enrolment into contract-based pension schemes - such as Group Personal Pensions - from 2012 is consistent with EU law.

The Pensions Regulator is placing "unnecessary pressure" on defined benefit pension schemes by suggesting it would use long cohort mortality projections for future regulatory scrutiny, according to the National Association of Pension Funds (NAPF).

The FSA has called on life offices to ensure their risk management procedures are up to scratch in what it calls a "rapidly changing business environment".

Around 85% of single life level annuity customers receive a rate that is at least 95% of the highest rate available, according to new research from the ABI.

FSA chief executive Hector Sants is today accused of making "completely contradictory" statements on the issue of dual pricing in an open letter from mortgage adviser Stuart Duncan.