Retirement

The Pension Protection Fund has published its updated management plan which reveals running costs for the organisation will almost double by 2009/10 to more than £22m from around £12m in 2006/07.

Rowanmoor Pensions has confirmed it will still offer in-specie transfers on property into SIPPs and SSASs, provided a recent independent valuation has been obtained.

Finance chiefs with defined benefit pension schemes in deficit are considering upping their contributions to their company's pension fund to reduce potential shortfalls, research suggests.

Lincoln Financial Group has unveiled its new flexible pension solution, which caters for both the accumulation and decumulation periods of retirement.

Workplace pensions are considered so important more than six in ten people would take a lower paid job to get one.

Government amendments to the Finance Bill 2007 could encourage more people to make use of the annuity Open Market Option at retirement, says Standard Life.

The only solution to a second wave of final salary pension scheme closures is for the government to encourage the introduction of risk-sharing schemes, claims the Association of Consulting Actuaries.

The Government's deregulatory review of pensions must deliver "meaningful reform" rather than "simply tinker around at the edges", says Joanne Segars.

John Hutton, Secretary of State for Work and Pensions, has revealed personal accounts will be run by trustees who will take "ultimate responsibility" for the "strategic direction" of the scheme including choosing funds and collecting contributions.

The Pension Protection Fund has confirmed it will not include investment risk as part of the risk-based levy.