Retirement

Another consumer survey suggests despite a desire to save, taxation and other factors mean most people will ultimately end up living in varying degrees of poverty in retirement.

The white paper pension reforms will not succeed if the government does not resolve the issue of compensation for workers who lost their pensions when schemes wound-up.

The Parliamentary Ombudsman has delayed her report into the collapse of Equitable Life until May 2007.

The Financial Services Authority has publicly censured GD Tancred Financial Services for not clearly explaining the risks of income withdrawal to customers with pensions under £100,000.

Gordon Brown's decision to abolish advanced corporation tax in 1997 has cost pension schemes at least £100bn in present value terms.

The increased interest in the bulk annuity market is causing concern among some parts of the industry.

Incentives being offered by employers to move people out of defined benefit schemes could affect their future means-tested benefits.

Over 40% of advisers think the Treasury will leave Alternatively Secured Pension as it is.

The ‘light touch' regulatory approach by the UK surrounding solvency issues resulted in the Equitable Life crisis, claims an Irish MEP.

James Purnell's attempts to justify means-testing have been welcomed by Steve Bee, as he says it proves pension credit is a 40% tax on savers.