UK - The state pension age will reach 66 by 2020, as part of the Spending Review.

The state pension age will reach 66 by 2020, as part of the Spending Review.

Just Retirement's group sales hit £1bn for the first time during the year ending June 30 2010, which is a 33% year-on-year increase.

Fewer than one in five retired people feel it is their responsibility to leave money to their children, according to a study from Friends Provident.

A fifth of intermediaries in the group pensions market believe they will have fewer customers and earn less because of the RDR, according to a study from ORC International.

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

EUROPE - The European Court of Justice may equalise annuity rates for men and women, but doing so could make women's pension income even worse, experts warn.

The European Court of Justice may equalise annuity rates for men and women, but doing so could make women's pension income even worse, experts warn.

Ros Altmann, director-general of Saga, has slammed Bank of England deputy governor Charlie Bean after he encouraged people to spend their savings to boost the economy.

Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the Office for National Statistics.