Retirement

The position of Defined Benefit (DB) schemes in deficit worsened in July 2007 with the total deficit just over £45bn from £30bn at the end of June 2007.

Michael Fish never lived down his reassurances on the weather before the great 1987 storm hit. Similarly the actuarial profession has a reputation for consistently underestimating future improvements in mortality rates. And let's not start on how projections...

Prudential has topped the Annuity Bureau's August annuity rate tables within specified targeted bands.

Less than a third of consumers find annuities acceptable, according to a survey by Skandia.

Aegon UK has hit record operating earnings and new business volumes, according to its six-monthly report.

A particularly strong showing from AXA UK's Life & Savings business helped the group to weather the fall out from the June floods.

Raymond James Investment Services has added its first protected rights and section 32 pension assets to its platform.

The pension protection levy, paid by work-based pension schemes to help protect their members, could be set for three levy years between 2008 and 2011.

FTSE 100 pension schemes reached a net surplus for the first time since 2002, according to data from Lane Clark & Peacock (LCP), the actuary and consultancy firm.

Savers will fail to claim as much as £2bn of pension credits this year, according to Unbiased.co.uk, the IFA search site.