Retirement

THE UK's 'at retirement' market for financial products will more than double within the next five years to £30bn a year, Watson Wyatt predicts.

The at retirement market for financial products will more than double within five years to over £30bn a year, according to actuary Watson Wyatt.

One of the most consistent and scathing criticisms of financial services companies by the media and consumer groups has been over the practice, in some quarters, of tempting new clients with advantageous terms and products that are never offered to existing...

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.