Retirement

Personal accounts are not a "silver bullet" and could do "lethal damage" to the pension and savings market, warns Alan Pickering.

A lack of communication about the funding status of defined benefit schemes could have the potential to lead to a "financial scandal".

SCOTTISH Life plans to significantly increase the investment options on its personal pension, bringing the product closer to a SIPP in terms of flexibility.

Codes of practice outlining the rules for Member Nominated Trustees and internal controls for pension schemes have come into effect from today.

One in four employers would consider levelling down their pension contributions when personal accounts are introduced, representing reduced provision for 2.4 million employees, according to a report by Deloitte.

The second pensions white paper on personal accounts is now expected to be released on 12 December.

Just 30% of people think the government will implement its proposals on personal accounts and auto-enrolment, according to a report from the Association of British Insurers.

FINANCIAL advisers add £3,000 a year to a person's pension pot according to an investigation by AXA.

SCOTTISH Life has launched a new range of defined benefit services.

THE majority of Britons are financially ill prepared for safeguarding against an uncertain future, according to research carried out by Standard Life.