Retirement

Conservative Party plans to abolish public sector final salary pensions would destroy "the best pension schemes in Britain", argues Pensions Minister Mike O'Brien.

Almost 50% of National Association of Pension Fund (NAPF) defined benefit members have reduced their equities exposure within the past year.

SUPER earners - those ranking in the top 1pc of UK earners - can more than double this tax year's maximum SIPP annual allowance by investing by input periods, according to Fidelity FundsNetwork.

Hornbuckle Mitchell has launched Flexible Income Pension Plan (FIPP) to allow retirees using income drawdown to tailor benefits closer to their own needs.

Almost 90% of advisers believe the introduction of personal accounts will lead to employers levelling down contributions rather than closing existing schemes, according to a poll by Scottish Life.

Friends Provident has increased most of the final bonus rates on its with-profits pension products.

Welsh nationalist party Plaid Cymru has called on Secretary of State for Work and Pensions Peter Hain to resign, according to reports.

A quarter of FTSE 100 defined contribution (DC) pension schemes do not have a service level agreement (SLA) with their scheme administrator, according to research by Watson Wyatt.

Legal & General's new UK life and pensions sales rose 8% to a record £1,16bn in 2007, according to select figures ahead of the group's annual results.

Life Trust has unveiled a new retirement product designed to help combat the effects of increasing longevity in the UK.