pensions

Raising the retirement age to 70 should form part of a package of measures to stave off a pensions impasse, business leaders said today.

TOP INSURANCE companies are calling for urgent talks with the FSA over the possible risks to customers of the government's drive to allow more choice for pension investment from next year, says the Scotsman .

Pension charges may rise after the removal of RU64 but this is not necessarily a bad thing, industry figures say.

IFAs must review their clients and speak to those who will be affected by A-Day, according to the FSA.

EQUITABLE LIFE chairman Vanni Treves has recently considered resigning from his post, according to this morning's papers.

GOVERNMENT FINANCES are expected to miss Budget forecasts even though they improved in August, according to this morning's papers.

Pensions reform features heavily in this morning's papers with the government's tax plans coming under fire and pensions fund trustees being warned they could face legal action fior failing to take their share from US securities class actions.

Up to 40% of people retiring could be eligible to receive a bigger pension by considering an impaired life or enhanced rate annuity, instead of a standard rate annuity, claims Bank of Scotland Annuity Service (BOSAS).

UK workers who put off starting retirement investing until their 35th birthdays risk spending the first 15% of their working day for the rest of their working lives just to build up a retirement income equal to two-thirds of current average income.

THE LEGAL TUSSLE between Equitable Life and Ernst & Young is mentioned in all this morning's papers with the case due to resume today, barring any last-minute settlement.