Retirement

IFAs have been warned by Rowanmoor Pensions to be careful when advising their clients to take income drawdown.

ONLY half the working population believe formal pension schemes will be their main source of income when they retire, according to a new survey.

NEARLY eight million people in the UK plan to use their house as their second source of income for retirement after their pension, a new survey has revealed.

For once the government seems to have been pretty efficient and has crammed an assortment of interesting pension titbits into two documents with a combined total of just 150 pages.

Only 10% of consumers would most trust the financial services industry to manage a personal accounts system in their best interests, says Which?

A Bill on personal accounts will not be available for pre-legislative scrutiny as it would delay the implementation by at least a year.

The government is planning a pilot project of face-to-face guidance sessions to deliver information on retirement to people over the age of 50.

Generic advice is essential if personal accounts are to be successful, says the Resolution Foundation.

Once again that behemoth of the managed solutions sector Skandia dominated this year's RealAdviser Awards - walking away with four of seven trophies on offer in the life and pensions section. Elsewhere, the openness of competition highlights the health...

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