Retirement

F&C management has been appointed as investment manager for new bulk annuity entrant Synesis Life.

Gordon Brown has refused to apologise for the decision to abolish tax credits on dividends which is estimated to have cost occupational pension schemes around £5bn a year.

Many Eastern European countries, including the Baltic States and Russia, have adopted a flat tax system. The theory behind flat taxes contains two main arguments. First, by having a single rate of tax, the system is simple; people understand what they...

The government's response to a public petition asking for the removal of the 70% tax charge on leftover Alternatively Secured Pension Funds, is a clear signal retirees need to be more innovative, claims Living Time.

HARGREAVES Lansdown has seen a significant increase in both ISA investments and SIPP sales over the last year.

The pensions industry has been left disappointed by the Prime Minister's response to a petition calling for the abolition of the 70% tax charge on funds left from Alternatively Secured Pension.

The potential risk of mis-selling personal accounts, particularly to women over the age of 45, has been dismissed by the government.

An amendment to the Pensions Bill is being tabled which could force the government to create a "lifeboat" fund financed by dormant accounts, to compensate pensioners who lost their retirement incomes through pension scheme wind-ups.

A former member of the Pensions Commission has backed the government's current proposals for personal accounts, including the suggestion to increase the annual contribution limit to £5,000.

The Department for Work and Pensions has started advertising for the chief executive of the personal accounts delivery authority, with the expectation someone will be in place by the summer.