Retirement

METLIFE has scrapped the £400 set-up fee and £40 administration charge on its SIPP and TIP plans for anyone investing a minimum of £100,000.

In contacting the Liberal Democrats press office this week to get their response to the Treasury and Gordon Brown's defence of the abolition of tax relief on dividends, they replied "there's not much more we can really add to what we've already said"....

The Association of Consulting Actuaries is calling for government departments dealing with pensions to be included in the Thornton Review of pensions institutions.

The impact of means-testing on people saving in personal accounts might have been ‘underestimated', leading to potential 'mis-selling', warns the Association of Consulting Actuaries.

The Treasury has defended Gordon Brown's decision to remove dividend tax credits in 1997, calling it an "anomaly" in the tax system which "distorted business decisions and discouraged long-term investment".

It seems there are few in the industry willing to talk about it but a major regulatory deadline passed last Friday: firms' implementation date for the treating customers fairly (TCF) regime.

The decision to remove tax credits on the payment of dividends to pension schemes was ‘unhelpful' but only one of several reasons why workplace pensions have come under increasing pressure, warns the National Association of Pension Funds.

The FTSE 100 has ended the day with a slight gain of 7.5 points, or 0.12%, to 6,315.5, as a continued decline among miners failed to keep the index in the red.

Advisers should focus on alternatives to annuities to help high-net-worth clients maximise their retirement income, claims Fidelity International.

Over half the working population are still unaware of the tax advantages to saving in a pension, claims B&CE Benefit Schemes.