pensions

Most companies are unaware closing a defined benefits (DB)pension scheme is not enough to avoid a Pensions Protection Fund (PPF) levy, warns First Actuarial.

Self-regulation by providers of self invested personal pensions (Sipps) is the key to maintaining consumer confidence until formal safeguards are put in place, according to Standard Life.

Allowing residential property to be held as part of a self-invested personal pension is unlikely to alter the buy-to-let market, claims Landlord Mortgages.

The A J Bell Group is urging other providers to follow its example of not allowing "wasting assets" into any of its self invested personal pension (SIpp) products after A-day.

GE Life has raised concerns that some pension policy holders could exceed their Lifetime Allowance limit (LTA) and be subject to a higher tax charge after new rules are introduced on ‘A' Day.

PRESSURE ON Gordon Brown and the Bank of England over worsening economic prospects mounted yesterday as a surprise slump in industry sparked City warnings third-quarter growth could drop as low as 0.2%, according to this morning's papers.

The National Association of Pension Funds (NAPF) wants the compensation costs of failed pension schemes which fall under the government's Pension Protection Fund (PPF) to be spread fairly amongst the remaining schemes.

Aegon has altered the structure of its UK operations and created two new businesses which the firm argues will enable it to better anticipate and respond to the needs of its core markets.

MEMBERS OF final-salary and public-sector pension schemes should be forced to support the government's pensions lifeboat with an annual levy of £620m, Frank Field, the MP and pensions campaigner, said yesterday, reports the Times .

New research from Prudential has warned the number of people working past retirement age could rise to 2.5 million in the next five to 10 years.