Retirement

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.

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.