UK - Retirement specialist GE Life is enhancing its product range with the introduction of a new phased drawdown product.
The plan is designed for clients who require income but not one-off cash lump sums, and those looking for flexibility over future income. The plan will also help clients maximise the lump sum available on death and minimise their potential inheritance tax liabilities.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.