company pensions

Investment companies fight for recognition

Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.

George Osborne is expected to announce cuts to a so-called 'death tax' which applies to the untouched pension pots of over-75s at this year's Tory conference.

Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.

Towers Watson, one of the UK's largest pension fund investment consultancies, has issued a stark warning to clients urging them to consider reducing their exposure to corporate debt.

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions liberation schemes.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.

Workers are to be given the option of saving into new 'collective' pension schemes which ministers believe could boost their incomes by up to 30%, under plans to be unveiled in the Queen's Speech later this week.

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

Former GP Noble trustee Graham Pitcher's application to appeal his eight-year prison sentence has been refused.