income

Pension savers could be risking losses of up to £1,400 when they turn their pension pot into retirement income because of annuitisation delays, Virgin Money research suggests.

Aegon is launching a UK Equity Income fund on 30 June for managers Iain Wells and Douglas Scott.

AXA Winterthur has added annual income reviews to its unsecured pension (USP).

Keydata has issued the lastest tranche in its Extra Income Plan series offering 0.65% monthly income, equivalent to 7.8% per annum.

Around six million people will depend on their savings interest for a significant portion of their total income, according to Investec Private Bank.

Premier has unveiled a UK income plan targeting returns of 8% a year for investors.

Scheme pensions could be a good choice for pensioners in drawdown who have been hit by record low income rates, according to Hornbuckle Mitchell.

London & Colonial has increased maximum income levels on its New Open Annuity.

Prudential has launched a flexible annuity option, allowing pensioners to review their income every two years as their circumstances change.

Life Trust has closed its Ireland-based insurance arm, Life Trust Insurance (LTI) plc, due to concerns over continued funding.