pensions

Government MPs have scuppered key changes to the Pensions Bill passed a day earlier by the House of Lords, which would have forced the government to scrap the rule forcing pensioners to purchase and annuity at age 75.

The Governments decision to extend coverage of its Financial Assistance Scheme has been taken to the House of Lords and the House of Commons this week for a third reading.

Winterthur Life has launched a new stand-alone site called Morrison-line, designed specifically to provide IFAs with up-to-date pension news, views and regulatory up-dates.

The British Chambers of Commerce (BCC) has called for a mandatory retirement age to be set at 65 but with concessions allowing the individual employers to stipulate the end point of the employer-employee relationship.

GE Life has lengthened the guarantee period of its annuity quote and is calling on rival providers to follow suit, as implementation of the Distance Marketing Directive could affect the annuity rate offered.

Pensions specialist, Winterthur Life has warned delays to simplification detail will block IFAs providing absolute advice.

Just lately, it seems you can't escape from being reminded of the mess that has become the UK pensions crisis.

The Government has been accused of "levying a stealth tax" on the pensions industry after now deciding to make the Pension Protection Fund retrospective, says the Daily Telegraph .

Just under half of the women who will be affected by the future increase to the State Pension age do not know at what age they will be officially allowed to retire, suggests government research.

Lipper, the Reuters fund information supplier subsidiary, has won the tender to provide the ABI with data to beef up monitoring of investment classifications for life and pension funds.