Retirement

Advisers with clients who have Retirement Annuity Contracts have one last chance to take advantage of the carry back rules, warns Clerical Medical.

It's the same every year. The frantic build-up. The hive of activity, with people running around planning and preparing. Making lists, checking things off. And then the dawning of the big day itself, with the anticipation of what may come. The pleasure...

Shortfalls in defined benefit pension schemes could provide a new business opportunity for advisers using the concurrency rules introduced on A-Day, says Skandia.

The Pension Protection Fund's decision to almost double the levy estimate for 2007/08 will affect around 5% of schemes, claims Entegria.

Underlying longevity and investment risks of final salary schemes could see more schemes using inflation swaps and bulk annuities to try and reduce their liabilities.

Nearly three-quarters of advisers believe getting their clients a better income in retirement proposition is a top priority over the next 12 months.

Rowanmoor Pensions has appointed a sales consultant for the southern region to provide consultancy and support services for advisers.

Final salary pension deficits of the UK's top 100 companies fell by £37bn in 2006 because of increased stock market returns.

outlook

Members of the European Parliament's inquiry into the collapse of Equitable Life have decided to ask for a further three-month extension to their mandate.