pensions

Fidelity International is warning people who plan to wait for the introduction of personal accounts in 2012 could miss out on a significant amount of retirement savings.

The Association of IFAs says the Government must consider the need for advice on personal accounts before the scheme can be fully embraced.

A third of Brits are financial fantasists, according to a survey by National Savings and Investments, a UK financial provider.

The Government today promises personal accounts will "complement rather than compete" with existing pension provision.

Around 12 million people have never reviewed their pension plans while a further 1.37 million have not carried out a pension review in the last five years, according to research by Barings Asset Management.

In usual ‘dance of the seven veils' style, the Government is slowly teasing us with glimpses of what the personal accounts scheme will look like.

Pension campaigners have expressed their delight at the House of Lords support for the establishment of a pension protection lifeboat fund.

The head of the Institutional Review of Pension Organisations has written to the Department of Work and Pensions highlighting a potential gap in the regulation of IFAs and a potential need for legislation.

Government amendments to the Pensions Bill requiring protected rights to purchase a 50% spouses pension is a 'second-guesisng' exercise which is sending out a confused message to the market, claims Aegon Scottish Equitable.

Around 10% of Addition Voluntary Contribution schemes are failing to offer members the Open Market Option on annuities despite a legal requirement, claims Hewitt.