Retirement

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.

‘Super earners' who rank in the top 1% of earners in the UK can more than double their maximum SIPP annual allowance for this tax year, says Fidelity FundsNetwork.

The Government will meet the 2012 pension reforms deadline, says Pensions Minister Mike O'Brien.

Fidelity International has appointed Daniel Leuty and Dean Currie to develop its defined contribution (DC) business.