Retirement

Wesleyan Assurance Society has brought to market a SIPP targeting its core clientele; doctors, dentists and lawyers.

The Prudential Retirement Income Panel has called for pension providers to improve their explanations of annuity options to clients to avoid heightened regulation.

James Purnell, the Secretary for Culture, Media and Sport, has replaced Peter Hain as Secretary of State for Work and Pensions, reports the BBC.

Peter Hain, Secretary of State for Work and Pensions, has resigned over his failure to declare £103,000 in party donations.

Axa and Winterthur Wealth Management have streamlined the businesses with three senior appointments.

The European Commission should create a single occupational pension market, the European Fund and Asset Management Association (EFAMA) says.

Setting up personal accounts has already cost the taxpayer more than £6m, says Pensions Minister Mike O'Brien.

UK pension schemes have lost all the gains made in 2007 following global market falls, according to employee benefits consultancy Aon Consulting.

Just Retirement has introduced age-banded rates to its equity release product, Roll Up Lifetime Mortgage.

Pension providers must improve service to customers taking out annuities, says a Prudential-hosted panel.