pensions

Nearly half of UK homeowners now have a mortgage they will still be paying after they retire, a figure that has almost doubled since 1992, Abbey research suggests.

Five non-executive directors have been appointed to the board of the Pension Protection Fund by the secretary of State for Work and Pensions, Alan Johnson.

Tenet will host an A-Day function to help its advisers get to grips with any potential impact pensions simplification may cause.

A computer crash which has crippled benefit pension payments at the DWP since Monday has largely been corrected with nearly all users now able to access their business systems, according to the DWP.

The Chartered Institute of Personnel and Development has warned Government they are living in a ‘fool's paradise' if they think abandoning means-tested benefits will solve the current pensions crisis.

Advisers need to turn their attention back to clients' demand for products and associated investments instead of attempting to supply as many options as possible, suggests Winterthur pensions strategy manager Mike Morrison.

When assessing the options on using residential property as a means for retirement, a pensions expert has cautioned ‘there are two ways to skin a cat'.

ADAIR TURNER yesterday told the Commons work and pensions select committee independent financial advisers are trying to avoid selling private pensions to those on low incomes as they fear they will be accused of mis-selling in 10 years' time, continues...

Publicity will be the key feature to informing consumers about post pensions simplification day on 6 April 2006, suggests Axa, while trust will need to be regained in the pensions industry.

Clerical Medical has launched a website specifically for IFAs offering advice and guidance on pre-A-Day issues.