Retirement

The decision by the Financial Services Authority to keep the RU64 rule in place is "quite immaterial" for the majority of IFAs, says Aifa.

Pensioners are being warned retiring abroad to countries such as Spain will not necessarily mean they will avoid the UK's Inheritance Tax regime, according to Bank of Scotland International.

The days are long gone when pensions ‘simplification' corresponded to any dictionary definition of the word. A laudable effort to make pensions easier to understand is bogged down in complexity that most people find utterly baffling.

The Financial Services Authority's decision to keep in place rule RU64 has prompted a mixed response from advisers.

The Financial Services Authority board has confirmed it is going to keep in place the rule known as RU64.

Personal accounts will go ahead with means-testing in place as there is no viable alternative, claims the government.

Consultancy firm Towers Perrin is launching a new fast-track trustee training programme to help companies comply with the new regulations for Trustee Knowledge and Understanding.

Aviva has launched a new online planning service to help individuals engage in financial planning for the future, as research by the firm reveals 60% of the world's pre-retired adults worry they haven't saved enough for retirement.

James Purnell, Minister for Pensions Reform, has revealed the "frankly scary numbers" in a retirement survey carried out by Which? support the case for personal accounts.

HM Revenue & Customs has confirmed refunds from pension schemes ordered by the Financial Ombudsman Service, following a case of "bad advice" or "mis-selling", will be classed as unauthorised payments.