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A significant proportion of Guernsey pension schemes are set to lose their approved qualifying registered overseas pension scheme status when rules are tightened on Thursday.

State pension payments will rise to an average of £124 a week, an increase of £6 from last year, the government has said.

Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.

A cut to a pension credit which rewards over 65s who have made additional savings for retirement, may mean thousands of pensioners will not benefit from the state pension increase this year.

A High Court judge ruled today that bankrupts could be forced to draw their pensions and hand them over to their creditors.

Government intervention could result in growth in the equity release market, according to recent research.

NUDGE-NUDGE

Almost 50% of consumers would find government compulsion to save into a private pension scheme helpful, research suggests.

Andrew Pennie looks at the implications of a client's health when providing ongoing retirement income planning and advice

Speaking at last week's Henry Stewart conference on SIPPs and retirement options, John Moret, principal of MoretoSIPPs, said the industry's inability to speak with one voice was a concern in the face of FSA scrutiny and well-publicised examples of SIPP...