Retirement

Rumours two insurance companies have closed their doors to new self-invested personal pension business have been denied by the companies.

The light dusting of precipitation otherwise known as snow did its usual trick of making the UK underperform for a day or two this week.

The generation of over 40s workers are the wealthiest potential retirees in real terms than previous generations, yet 30% have never seen a financial adviser, claims Halifax Financial Services.

A three-month extension has been granted to the EU Committee investigating the collapse of Equitable Life.

A relative of mine recently recarpeted her hallway. She's a single mum so funds are tight, and she asked a friend in the trade how much it might cost. He looked at the hallway and suggested it should be no more than £500.

An ITV1 programme being aired tonight about the decline of large defined benefit pension schemes warns at least 80% of the population should be worried about how they will survive in retirement.

The European Court of Justice has ruled the protection offered by the government to pension members when companies collapse is "incompatible" with EU law, and has sent the case back to the High Court for review.

HM Revenue & Customs has announced both income tax and National Insurance contributions will apply to inducements offered to employees to encourage them to transfer out of a defined benefit occupational pension scheme.

Advisers should be aware consolidating occupational schemes into another personal pension contract could lead to a loss of tax-free cash for their clients, says Standard Life.

It's not even at the end of January yet, and instead of easing us back into things at a nice easy pace the government is cracking the whip on pensions.