Retirement

Norwich Union has halved the minimum purchase price for an enhanced annuity to £10,000.

Bestinvest, the independent investment managers and financial adviser, has launched a SIPP with free investment advice.

Suffolk Life may consider a takeover after appointing corporate finance company Fenchurch Advisory Partners to consult on the SIPP provider's future.

The Walker review on private equity neglects the pensions industry, according to business law firm LG.

Norwich Union will cut charges on Norwich Union Stakeholder Pensions and Individual Your Pension Select products on Monday.

Personal accounts could attract as few as four million savers out of a potential 11 million, according to a report by the Pensions Policy Institute (PPI).

MORE than a third (36pc) of advisers who advise on or administer SIPP/SSAS pension funds believe they are not getting the best rate of return on their clients' cash held in these funds, according to research conducted for Investec Private Bank.

The introduction of personal accounts must not "paralyse" the savings industry, says Standard Life.

The retirement income market has changed dramatically in recent years, bringing new challenges for pensioners and their advisers.

HM Revenue & Customs (HMRC) has announced it considers withdrawals taken from unsecured pensions (USP) or alternatively secured pensions (ASP) as income for inheritance tax (IHT) purposes.