pensions

Pensions should be abolished and replaced with a universal savings wrapper called a Self-Administered Investment Trust (Saint), claims a policy paper published by the Centre for Policy Studies.

Research from the Department for Work and Pensions (DWP) reveals there is a gap in the provision of advice on pensions to people on lower incomes, an area where most of the advice is given by IFAs.

Employees could lose up to £3bn in tax-free cash if they fail to protect their entitlement to more than 25% of their pension fund, estimates Standard Life.

HOUSE PRICES in England and Wales are no longer rising faster than inflation, according to the Financial Times house price index.

A summary of the Pensions Act 2004 has been made available for financial advisers in the latest Pension Profile from Legal and General.

The Financial Services Authority (FSA) has fined Maidstone-based independent financial adviser firm, Kings, £60,000 for approving misleading financial promotions and for related systems and controls breaches.

Financial education and information is crucial for helping people plan sensibly for their retirement, Stephen Timms has told an EU presidency meeting in Brussels.

STANDARD LIFE yesterday shrugged off a near 50% decline in sales of individual pensions in the first nine months of the year as it continued to push its higher-margin products - a key part of its plans to float on the stock market in 2006, according to...

Officials from the Occupational Pension Regulatory Authority (OPRA) have been criticised in a report from the Department for Work and Pensions (DWP) for their handling of the theft of almost £3m from an occupational pension scheme.

REGULATORS FAILED to prevent fraudsters "systematically plundering" £3m from a company pension, according to an inquiry by Sir Gerald Hosker QC published yesterday, reports the Daily Telegraph .