Retirement

Almost 80% of advisers still plan to recommend Alternatively Secured Pensions to their clients despite the proposed charges put forward in the pre-Budget Report in December.

Paul Thornton has issued a consultation asking whether The Pensions Regulator should work more closely with the Financial Services Authority to cover a gap in regulation of IFAs advising on transfers between occupational pensions schemes.

PENSION expert Mike Morrison has raised fears investors with Alternative Secured Pensions (ASPs) are being hit with taxes so extortionate they could be vetoed under European law.

Two thirds of UK adults do not trust the government's pension reform and almost half are less confident in saving for retirement than they were five years ago, according to research from MetLife.

One in three workers feel pension education should be taught in schools, as over 90% believe pensions should be made easier to understand.

The Pension Protection fund has confirmed the levy estimate for the year 2007/08 will be £675m.

Three former directors and actuaries of Equitable Life have avoided any financial penalties despite being found guilty of misconduct by the Institute of Actuaries.

An increase in new individual pensions business of 122% during 2006 is the result of having its A-Day product and IT platform ready on time, says Winterthur Life.

Recent volatility in global stock markets, which has seen the FTSE 100 fall 4.4% in three days, has caused UK pension deficits to rise by £11bn, claims Aon Consulting.

People in the UK are more likely to start saving for a pension before buying a property, claims Axa.