Aj Bell

'Annuity comparator' tool to be established

Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.

More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.

The amount of savings lost to pension fraudsters in the wake of Freedom and Choice is £2.7m higher than previously thought, new data reveals.

Savers will not be forced to fork out their retirement savings to pay outstanding debts if they have to declare bankruptcy, the Court of Appeal has ruled.

Helen Morrissey examines the pressure on the government to tackle drawdown

Financial secretary to the Treasury Mark Hoban has rejected AJ Bell's call to increase the limits on income drawdown.

Providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.

Annuity rates could hit their lowest point for two years as the sovereign debt crises hits gilt yields.

The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement, specialist providers say.