pensions

Proposed Limited Price Indexation annuities set out in the Pensions Bill may this week be removed from money purchase schemes because they would force members to buy up to three different retirement packages, suggests Scottish Equitable.

LIGHTER TOUCH regulated low-cost savings products could still bring new mis-selling claims from people who lose means-tested benefits as a result of buying them, the Daily Telegraph reports the Financial Ombudsman as saying yesterday.

Friendly society Family Assurance is selling its with-profits life and pensions business to Reliance Mutual Insurance Society as well as some term assurance policies.

Consumers should be given more information on coming pensions legislation if the government wants to incentivise people to save for their retirement, urges the Association of British Insurers.

Personal pension scheme members opting for enhanced protection could post A-day see it become invalidated if they contract out of the S2P, reveals Abbey for Intermediaries.

Revenue proposals to change income drawdown rules through pending pensions legislation will cost the industry millions, warns A J Bell.

A majority of UK pension schemes have fewer than 11 members despite recent efforts to incentivise long-term savings, says Steve Bee after reading Opra's latest figures.

Proposals for a European Directive forcing insurance companies to offer similar contract rates to men and women could tip more pensioners into poverty says the Pensions Policy Institute.

Pending pensions legislation set out in the Finance Bill could open up a 'loophole' for employers wishing to minimise the amount of money they pay in corporate tax, believes A J Bell.

Changes to pending pensions legislation set out in the Finance Bill will see many people delay their retirement date until after A-day, predicts actuary A J Bell.