Retirement

The amount of compensation the Pension Protection Fund (PPF) pays out each month has increased 66% in the past year to £1.4m, according to figures from the fund.

EQUITY release specialist Just Retirement has announced its entry into the 'impaired' annuity market.

The FSA has fined third party administration firm Liberata Financial Services Limited (Liberata) £525,000 for failures in its systems and controls for producing and issuing documents to life and pensions policyholders.

The Tax Incentivised Savings Association (TISA) has appointed John Lawson, head of pensions policy at Standard Life, as chair of its retirement advisory council.

Scottish Widows has decided to remove a number of funds from its life and pensions fund range after a review of its external fund links.

Xafinity, the employee benefits consulting and pensions administration has bought SIPP and pension administration provider Hazell Carr for an undisclosed sum.

Just Retirement has entered the enhanced annuity market with a product that gives most applicants a quote within 24 hours.

Decumulation - or pension harvesting - seems to be this season's most fashionable pensions topic.

A total of 15% of households earning £30,000 a year have had to take on a second job because of the credit crunch, according to a survey by AXA.

Professional Pensions today launches its revamped website after extensive consultation with the pensions industry.