Retirement

LV=, the insurance and investment group, has exercised its option agreement for retirement business Tomorrow and will complete the acquisition by December 31.

The Government has pledged £12.5bn for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.

A-Day changes have led to an increase in SIPP business, according to research by Fidelity FundsNetwork.

A-Day changes have made the SIPP market increasingly challenging for some providers, says employee benefit company JLT Benefit Solutions (JLT).

The Pensions Regulator has reappointed David Norgrove as chair for another three years.

The Government has pledged to make an announcement on the Financial Assistance Scheme (FAS), set up to bail out thousands of pensioners whose employers went bust, in "the next few days".

Rowanmoor Pensions has appointed Vivien Zarucki as sales consultant for the Southern region.

ANALYSIS from MetLife has revealed that the average pensioner couple will have an annual shortfall of £8,505 in their retirement income.

Norwich Union has appointed Anthony Rafferty as head of marketing for the post-retirement department.

Canada Life has appointed Steve White and Dave McGovern as sales directors in its distribution division.