Retirement

The Investment Management Association's (IMA) call to scrap the requirement for retirees to buy an annuity at age 75 neglects most pension savers, says Just Retirement.

Annuity Direct has appointed Bob Bullivant as chief executive officer (CEO) to spearhead its expansion into the retirement income market.

Zurich has launched its web-based Portfolio Planner, designed to help advisers manage pension and investment portfolios.

At least 300,000 employees will lose their current pension scheme benefits in 2012 when personal accounts come into force, according to research by Fidelity International.

Rowanmoor Pensions has appointed Robert Graves as product development manager.

The Government's decision to continue requiring all pension savers to draw down their money breaches the European Directive on Discrimination, says Rowanmoor Pensions.

Savers will have the opportunity to take small benefits from occupational pension schemes as a lump sum, according to the Budget.

The Government has closed a loophole allowing people to pass on pension funds tax-free at death, it was confirmed in the Budget.

The Government will reduce tax relief for pension savers after April, according to the Budget.

A full list of people nearing retirement would be the Holy Grail for product providers offering the open market option (OMO), says Living Time.