Businesses could use a Sipp or Ssas to protect premises

FTAdviser latest:SMEs premises could be protected in a Sipp or Ssas

Businesses suffering from the economic downturn should think about protecting themselves from future financial problems by placing their premises within a self invested personal pension (Sipp) or a small self administered scheme (Ssas).

DWP to re-evaluate PPF efficiency

Further work on how collective defined contribution schemes might operate is to take place, the department for work and pensions announced in its response to its risk-sharing consultation.

Norwich Union cuts commissions on pension products

Norwich Union will cut the commission rates on two of its pension products by 0.5 per cent from next year to remain competitive but without "paying more than in necessary".

FSA looks into poor pension advice

The FSA is to take action to improve firms giving pension switching advice after it found 80 cases of unsuitable pension transfer advice in a review.

Pension foul-up case might end up in court

A small business man whose pension contribution was increased by £110,000 by an adviser may initiate legal proceedings.

FSA to address pension transfer advice failings

The Financial Services Authority (FSA) is taking action to improve the quality of advice given to customers who switch into a personal pension or self-invested personal pension (Sipp), after it found 80 cases of unsuitable pension transfer advice.

'United front' bends government's Pension Bill plans

Legal & General revealed the government was persuaded to allow employers to self-certify their schemes as suitable for automatic enrolment, after industry bodies met with ministers.

Pensioners relying on property have already lost £45bn

Pensioners relying on property to fund their retirement have already lost almost £45bn due to the property slump over the past 12 months.

One in five people reducing pension savings

The current economic downturn is forcing UK workers to make cut backs to their pension contributions, with one in five having reduced the amount they save as a result.

Reduced pension savings to create £35bn loss in funding

Around 1.5 million people are planning to stop their pension contributions as the recession bites, which could result in a staggering £35bn loss from pension funds.

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Comments

In the bleak mid-winter

As the fog of the financial crisis continues, one group that is falling dangerously behind are pensioners - especially those with defined contribution schemes.



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