Standard Life

A leading economist has hit out at the Turner Commission for wrongly focussing on a so-called ‘pensions saving' as the most relevant to the standard of life during retirement.

A ‘big bang' effect in the wrap arena may take up to five years to materialise for the industry as a whole, says Standard Life.

Adair Turner has approached the Investment Management Association (IMA) to examine cost-effective ways in which National Insurance contributions might be pooled and put towards a pension.

Standard Life has introduced a set of new initiatives aimed at supporting advisers ahead of A-Day.

A pensions expert has called for industry to lobby against the intention of the HM Revenue & Customs (HMRC) to tax all transfer lump sum death benefit (TLSDB).

Tenet Group has today confirmed Standard Life is its newest shareholder in the IFA network group while its existing shareholders have also increased their positions.

The Revenue has moved to close the loophole regarding a second tax-free lump sum for pre-1987 members of occupational pension schemes, previously left out of the 2005 Finance Act.

Standard Life will provide a Sipp and work jointly with Fidelity FundsNetwork to bring an onshore bond product to market, as the platform moves towards a full wrap service.

Standard Life has launched an online interactive service for advisers to guide them through technical pension questions.

Scottish Life has pointed to the potential cash windfall afforded by equity release following new rules fixed to simplification on 6 April 2006.