pensions

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.

As many as 18 million homeowners are banking on their property to fund their retirement income, indicates new research.

IFA firm Worldwide Financial Planning has launched its own A-day website to help consumers understand key pension changes taking affect in April 2006

About 40% of people say they are aware of not saving enough for their future well being, while more than half are clueless as to the amount they should be saving, research indicates.

IFAs will need to look in every "nook and cranny" of the recently passed Pensions Bill because of the number of provisions it contains, warns pensions expert Stewart Ritchie.

Up to 80% of affected firms are not prepared for the Inland Revenue's pensions simplification set for April 2006, Hewitt Associates research suggests.

Research by provider JPMorgan Fleming suggests women in the UK on averge already expect to have lower incomes in retirement than men.