Pensions

The Financial Conduct Authority (FCA) has banned the managing director of a SIPP provider from performing any senior role in a regulated firm for investing in high risk investments that he did not adequately understand.

Research conducted by JP Morgan Asset Management has revealed that half of Britons below pensionable age are not saving anything for their retirement with men saving the least.

Health or lifestyle conditions mean 50 per cent of 65 year olds could secure more income from an annuity, new research has found.

Ros Altman, director general of Saga, has criticised the FSA's review of pension annuities, stating that it does not go far enough to address the problems faced by consumers when choosing how to receive their retirement income.

Less than half of employers with fewer than 5,000 staff have confirmed their pension provider ahead of auto-enrolment, according to research conducted by the National Employment Savings Trust (NEST).

Annuity rates have continued to decline, with smokers the latest group to suffer from the slump.

Research from Prudential has revealed that 18 per cent of individuals intending to retire this year have outstanding debts, amounting to an average of £31,200 each.

The government’s plans to introduce its proposals for a flat-rate pension – worth £144 a week in today’s money – by 2017 are set to benefit some but disadvantage others.

The Office for National Statistics has decided not to change the inflation calculation that determines returns from index-linked gilts, on which many pensioners depend for income.

Two new studies have revealed ongoing declines in retirement incomes.

The number of men applying for pension annuities has risen dramatically in recent weeks ahead of the implementation of new gender-neutral pricing rules, according to Hargreaves Lansdown.

Parents could give up to £1 million to their children by swapping toys for saving into a child pension fund this Christmas, according to Duncan Lawrie private bank.

Pensioners could see their retirement income shrink by 20 per cent if pension funds continue to implement a government initiated switch from RPI to CPI indexation, according to Nigel Green, CEO of deVere.

Two fifths of industry professionals believe pension schemes will be forced to make less risky investment decisions as a result of auto-enrolment, according to a poll from Barings Asset Management.

Chancellor George Osbourne’s decision to reduce the tax-free pension savings allowance from £50,000 to £40,000 per year has raised widespread concern.