Retirement

THE UK's pensions crisis is set to get significantly worse, according to an influential panel of financial experts hosted by the Prudential.

Hymans Robertson, the actuarial consultancy, has urged the Accounting Standards Board (ASB) to reconsider changes to its international pension accounting rules.

Norwich Union has launched its Equity Release Promise Service and added fixed interest rates and flat rate application fees to its equity release range.

The pensions industry has urged pension trustees to ride out the week's stock market volatility and take a long-term investment view.

IFAs say the Government should treat customers fairly (TCF) when setting up personal accounts through auto-enrolment.

A customer information blunder means thousands of Clerical Medical policy holders invested in the provider's with-profit fund will receive a £400 average payout, a statement says.

The Pensions Regulator is pursuing outstanding levy payments as part of a programme to collect over due money and ensure future payments are made on time.

WINTERTHUR has enjoyed sharp growth in new individual pensions business in the six months to the end of June, second quarter business results from the wealth management arm reveal.

Retirement Plus has launched its Property Plan equity release product in Scotland it was announced today.

Winterthur's individual pension sales have grown 74% in the six months to the end of June, according to the provider's interim results.