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Defaqto names top SIPP cash accounts

Scottish Widows, Irish Nationwide and Investec Bank have the best interest rates on their SIPP cash accounts but shopping around is essential, according to Defaqto.

clock 12 October 2010 •

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IFA interest grows for low cost annuity service

The retirement income service launched by Annuity Clearing House (ACH) in June has had a positive reaction from advisers, chairman Peter Quinton says.

clock 12 October 2010 •

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Govt switches pension benchmark to CPI

The government will today switch the inflation benchmark for pensions and benefits from RPI to CPI, potentially shaving millions off investors' savings.

clock 12 October 2010 •

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McPhail: £40k annual allowance may push public servants out of DB

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

clock 12 October 2010 •

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Inflation risk 'biggest threat to retirees'

A third of people approaching retirement feel inflation poses the greatest risk to their pension pot, whilst long-term care was their second biggest concern, a survey from Sun Life of Canada found.

clock 11 October 2010 •

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Smokers' annuity rates stir but RPI and level slashed

Smokers annuity rates rose in October after months of inactivity but RPI linked and level products were cut, according to Alexander Forbes Annuity Bureau.

clock 11 October 2010 •

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Private pensions cost taxpayer £37.6bn

Private sector pensions cost the taxpayer more than public sector pensions in 2007/08, Richard Murphy, founder of Tax Research LLP says.

clock 11 October 2010 •

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Manx law change levels QROPS playing field

Changes to tax laws on the Isle of Man will allow companies to provide more competitive Qualifying Recognised Overseas Pension Scheme(QROPS) rates.

clock 11 October 2010 •

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Monday's Panorama: When Twitter went berserk

BBC's Panorama 'exposé' of pension charges earlier this week was just a Cheryl Cole short of 'tabloid rubbish', according to one biting Tweet. There were more...

clock 08 October 2010 •

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PPF unveils levy calculation proposals

The Pension Protection Fund's proposed levy calculation reforms will bring "stability and predictability" to scheme payments, chief executive Alan Rubenstein says.

clock 08 October 2010 •
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