Retirement

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.

Friends Provident has launched a system to improve client data management for IFAs.

Defined benefit (DB) pension funds fell to their first deficit in a year last month, dropping to £5bn in the red, according to the Pension Protection Fund (PPF).

The Government has issued a consultation paper that would allow savers to self-invest protected rights funds.