uncategorised

The Bank of England's decision today to pump an extra £50bn into the UK economy is likely to drive annuity rates down further, insurers have warned.

The Pensions Regulator (TPR) has banned three pension scheme trustees for life after uncovering "serious and persistent" breaches of investment regulations and legislation.

In this week's Retirement Planner quick fire poll we ask: NAPF has proposed the government create a nationalised annuity brokerage system to ensure retirees use the OMO. Do you think government intervention would be a good thing?

Royal Bank of Scotland (RBS) has been ordered by the Isle of Man regulator to pay compensation to the family of a man following a mis-selling investigation.

Retirement Planner's round-up of the top pension stories this week.

Pensions minister Steve Webb has revealed the government will consult this year on how to create a "third option" for pensions beyond defined benefit (DB) and defined contribution (DC) structures.

IFAs have welcomed Scottish Widows' plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.

The way annuities are sold is costing hundreds of thousands of retirees as much as £1bn in future pension income, a report by the National Association of Pension Funds (NAPF) claims.

In this week's Retirement Planner quick fire poll we ask: Do you think employers are interested in using low cost pensions such as NEST as part of their pension provision post auto-enrolment?

Retirement Planner's round-up of the week's top pension stories.