Retirement

A rolling deregulatory review of pension legislation has received a boost with the appointment of two external reviewers.

Paternoster, one of the newest entrants to the bulk annuity market, has completed its 10th transaction in less than six months of operation.

Members can now protect their entitlement to more than 25% tax free cash, or an early retirement age, if they are assigned a policy after their original scheme winds-up.

Trustees should take independent advice before agreeing to any transaction which could lead to the abandonment of a defined benefit occupational scheme, warns the Pensions Regulator.

The White Paper on personal accounts may be stoking up problems actually delivering sufficient supply of SEE funds at a price in line with government policy commitments to capping costs.

Despite a general welcome for the white paper on personal accounts, several organisations are calling for a stronger focus on the role of advice.

Better regulation. Our own government has adopted this grand European idea to regulate smarter rather than harder.

Despite a rise in the amount of savings invested in annuities over the last year, 60% of consumers are failing to use the Open Market Option.

Zurich has announced it is exploring the possibility of selling its closed book of annuity business.

Pension lawyers are the biggest group to benefit from pensions simplification, claims Capita Hartshead.