Retirement

Clerical Medical has introduced a new pension commission model designed to award IFAs for persistent business.

Three in four advisers believe their clients would consider US-style annuities ahead of traditional annuities, but many fear they do not know enough about the products available.

Fidelity International is warning people who plan to wait for the introduction of personal accounts in 2012 could miss out on a significant amount of retirement savings.

The Association of IFAs says the Government must consider the need for advice on personal accounts before the scheme can be fully embraced.

THE Government's plans for the structure of personal accounts has received a mixed reactions from industry bodies and firms.

The Financial Services Consumer Panel says a move by the FSA to end commission payments is the only way to avoid mis-selling scandals in the future.

Demand for flexible retirement products like SIPPs now overshadows that for conventional annuities, research suggests.

A third of Brits are financial fantasists, according to a survey by National Savings and Investments, a UK financial provider.

The Government's plans for the structure of personal accounts announced today has received a mixed reactions from industry bodies and firms.

The Government today promises personal accounts will "complement rather than compete" with existing pension provision.