Retirement

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.

Of all the many consultations which the Department for Work and Pensions has been pushing out over the last few months, one which seems to have been slightly overlooked is the issue of protected rights.

Minister for pensions reform James Purnell has hit back at industry commentators who suggest personal accounts will lead to a mis-selling scandal by arguing they don't understand how means-testing works.