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Third way annuities provider Sun Life Financial of Canada has announced it will close to new business in the UK from 3 December, with 100 job losses across the business.

Alan Steel, chairman of Alan Steel Asset Management, on why investors should ignore all the puff surrounding pensions

Pension experts have broadly welcomed Treasury plans to consult on allowing access to 25% of pension savings tax free before retirement but warn the new rules must be kept as simple as possible.

Age UK Enterprises, the business arm of Age UK, has teamed up with Premier Retirement Services, part of JLT Benefit Solutions, to create an online comparison site for annuities.

After months of historically poor annuity rates, six providers have increased their offers, according to the Hargreaves Lansdown Annuity Index.

Legal & General (L&G) has launched the WorkSave Choice platform and the WorkSave Pension Trust to help companies cope with auto-enrolment.

Only 22% of people know how much money they will need to save and for how long to achieve the retirement they want, according to a YouGov poll.

Pensions consultancy Mattioli Woods is shortlisting platform providers to help launch a discretionary fund management offering in summer next year.

Closed-end life group Chesnara has acquired pensions provider Save & Prosper Group, a subsidiary of JPMorgan Asset Management Marketing, for £63.5m.

The Equitable Life (Payments) Bill passed its second and third readings in the House of Lords yesterday, but not without renewed calls for pre-1992 annuitants to be included in compensation payouts.