
Businesses could use a Sipp or Ssas to protect premises
Story by: Dominic Welling, FTAdviser
Thousands of pensioners are at risk of losing crucial annuity rate deals due to unacceptable transfer delays by major pension providers when moving their funds, according to Rockingham Retirement.
UK employers waste around £85m each year on the running of occupational defined contribution pension schemes.
MetLife's Retirement Portfolio has opened to new business on Bankhall's Portavista platform in a deal that makes it the only unit-linked guarantee product available on the distributor's platform.
Further consultation by the Department of Work and Pensions (DWP) must eradicate any ambiguity for employers about age discrimination and flexible retirement, according to Standard Life and Aegon.
Norwich Union has announced it is to reduce the single premium and transfer commission available on its Your Pension Select and stakeholder scheme.
The average UK pension fund fell into negative territory last year, achieving an estimated weighted average return of -9.8 per cent for the year ending 31 December 2008.
The Department of Work and Pensions (DWP) has clarified that its policy intention is to ensure that protected rights funds administered within self-invested personal pensions (Sipps) are not eroded disproportionately to the rest of the pension fund.
Industry members have been offered the chance to debate proposals for the future of the pension protection levy during a series of national roadshows to be held by the Pension Protection Fund (PPF).
The best level annuity rate in the UK market fell slightly over the last month for women, the latest annuity rates from Alexander Forbes Annuity Bureau show.
Friends Provident has simplified its fund choice for company pension schemes after research identified that too much choice could act as a disincentive to the investment decision making.
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