Retirement

The defined benefit (DB) pension scheme deficit worsened £14.4bn to minus £19.6bn last month, according to figures from the Pension Protection Fund (PPF).

HORNBUCKLE Mitchell has launched a Flexible Income Pension Plan (FIPP) giving retirees taking pension benefits through income drawdown the ability to tailor them more closely to their own circumstances.

The Pensions Bill's failure to safeguard existing good pension schemes represents a distraction from personal accounts' core function and target market, says the Association of British Insurers (ABI).

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.