Retirement

Enhancements to pension transfer values is a practice which has been warned against by the industry for a while, but have recent decisions by government bodies and departments to crack down on the practice actually killed it off?

ADVISERS have been left high and dry by the FSA's u-turn on plans to scrap RU64, according to Merchant Investors.

ADVISERS should consider using more sophisticated combinations of annuities, drawdown products and phased retirement plans, according to Fidelity International.

NORWICH Union has launched a new pension service promise in an effort to deliver high service levels for IFAs and their clients.

A national system of generic advice could cost just £50m, less than half the estimated figure published in a Select Committee report, claims the Resolution Foundation.

Winterthur Life has revealed the restructured management team of its IFA business, which will be headed up by new managing director David Thompson.

Government plans on how to integrate pensions information between the state scheme and personal accounts, should include details of how scheme members can access advice from IFAs.

ISA sales for February were 40% down on the same month in 2006 according to the Investment Management Association, highlighting the struggles of the UK's flagship investment vehicle in 2007.

Advisers need to be aware protected rights can be invested in self-invested personal pensions, but not in the trust-based variety available from most providers, claims Merchant Investors.

The Financial Services Authority has issued a warning to advisers over the suitability of advice given to clients to transfer into self-invested personal pensions.