Retirement

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.

Compulsory annuitisation creates a barrier to diversification and should be binned, urges the Investment Management Association (IMA).

THE Investment Management Association (IMA) has released research demonstrating how non-annuity investment products can provide a lifetime income for retirement.

Clerical Medical has linked to six external global equity funds for its life and pension products as interest in non-UK investments grows.

The defined benefit (DB) pension scheme deficit reached its highest last month since June 2003, according to the Pension Protection Fund.