Retirement

Annuity Direct has warned the Association of British of Insurers' (ABI) code of conduct on annuity purchase will not be ‘strong enough' to protect consumers or encourage shopping around.

FRESH START

Pensioner pressure groups have mounted campaigns in Eastleigh in a bid to capture attention as national media focus on the shock by-election.

Almost 15 million people are making no effort to save for the future, while eight million have no savings to their name at all, according to research released today.

FIVE THINGS

Legal & General (L&G) has increased protection against pension liberation outfits after The Pensions Regulator (TPR) and other bodies highlighted the plight of people taken in by such schemes.

Changes to regulations around income drawdown could result in women soon being able to take a 40% larger income from their plan, according to one provider.

MPs may be forced to debate a controversial plan to halt age-related tax allowances - a move dubbed a ‘granny tax' - after an online petition opposing it garnered almost 100,000 signatures.

About 12,000 pensioners who hold annuities with Legal & General (L&G) have been left without their regular payouts after a technical blunder.

The Association of Member Directed Pension Schemes (AMPS) has warned the Competition Commission and the Office of Fair Trading that Financial Services Authority (FSA) capital adequacy plans may threaten competition in the self-invested personal pension...