Retirement

Last year's Pre-Budget Report highlighted issues affecting the offshore market. Luanne Ahearne takes a look at the changes

STEVE Bee, head of pensions strategy at Scottish Life, has called on the Government to take steps to allow all women to make adequate pensions provision ahead of the 2010 deadline for pensions reform.

MGM Assurance, the mutual life assurance society, has appointed Sir William Proby as chairman.

Suffolk Life has launched a guide explaining protected rights on its website.

Rowanmoor Pensions has introduced an adviser fee agreement to streamline the payment process for its small self-administered scheme (SSAS) and Family Pension Trust.

Providers must clearly explain the complexities and risks third-way pensions (variable annuities) pose to potential customers and advisers, urges actuary Watson Wyatt.

Axa's life and savings business rose just 6% to £1.09bn last year as tax changes affecting offshore bonds dampened growth, according to the group's annual results.

Scottish Widows has added an income drawdown feature to its Retirement Account product.

Actuarial firm Spence & Partners has launched a longevity calculator for financial advisers and their clients.