Retirement

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.

Merchant Investors, the pension products provider, has launched OneSIPP to combine insured SIPP and trust-based SIPP features.

More than a third of trustee boards do not seek independent advice on employer covenant issues, according to a survey by Gazelle Pensions Advisory.

The Pensions Bill could harm existing pension provision if passed without amendment, says Standard Life.

Pension scheme surpluses will continue into 2008 thanks to stronger funding levels, says benefits and HR consulting firm Aon Consulting.

About a third of defined benefit (DB) pension schemes will close to new members in the next five years as equity markets fall, according to a survey by the National Association of Pension Funds (NAPF).