Retirement

Pension campaigners had reason to celebrate at the end of this year as the Government gave a £12.5bn pledge to 140,000 people who lost their savings in occupational pension schemes.

Fewer than 2% of companies measure the return they achieve on their pensions in terms of improved employee and corporate performance, according to research by consultancy Alexander Forbes Financial Services.

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.