Retirement

Nearly a fifth of employees in smaller firms do not contribute to a pension despite the fact almost a third of employers contribute over 6% of salary, according to research by Barclays Financial Planning (BFP).

The lack of FSA regulation in the small self-administered scheme (SSAS) market leaves IFAs open to criticism for client neglect, according to Premier Pension Services (PPS).

Axa has changed its with-profits bonus rates for customers investing in the AXA Sun Life Assurance Society (ASL) With Profits fund.

Winterthur will launch a free online retirement planning tool in October. The provider tells IFAonline it will add Retirement Income Planning (RIP), for customers approaching retirement, to its Client Management platform.

The Personal Accounts Delivery Authority has appointed ex Trades Union Congress president Jeannie Drake as non-executive director. She will join the authority on September 17.

Almost nine in ten IFAs say abolishing compulsory annuitisation and Inheritance Tax (IHT) might go some way to restoring consumer faith in UK pensions, according to a poll.

Just Retirement has branded Legal & General and Hargreaves Lansdown's scheme to use postcodes to determine annuity payouts 'crude'.

Retired homeowners are making a total of £151m every day due to house price inflation, according to research from Prudential.

London & Colonial, the insurer, has launched its second open annuity product.

The growing aversion to annuities as a source of retirement income may put people at risk of running out of pension savings, warns a panel of pension experts.