Retirement

Automatically increasing pension contributions by 1% a year for five years could boost retirement incomes by up to a half, according to research by Barrie & Hibbert, a financial risk consultancy.

Royal London Asset Management (RLAM) has appointed Paola Binns as a credit fund manager.

Seven million homeowners say they will use their property to supplement their pensions, according to Fool.co.uk.

RESEARCH from MetLife reveals that more than half (53pc) of IFAs say their clients have three or more pension schemes, with money invested in a range of company and personal schemes.

Savvy advisers should take advantage of clients with multiple pension schemes, according to financial services firm Metlife.

The Pension Protection Fund (PPF) has launched its long-term risk model, a bespoke system that will enable the fund to calculate future risks.

Axa will launch a 5 for life-style product in the autumn, according to Tony Moore, pensions development manager at the group.

Intermediaries wishing to do equity release business with Safe Home Income Plans (SHIP) members will need to pass a compulsory exam first, it was confirmed today.

Tomorrow, the at and post retirement specialist, has extended its drawdown offering to allow transfers between both Protected Rights USP contracts and Protected Rights ASP contracts.

Mortgage brokers should take a "rigorous and industry respected" qualification in treating customers fairly after it emerged two firms had been fined and another handed a public censure by the FSA for management failings.