The "rules of thumb" for sustainable drawdown income should be abandoned and replaced with tailored rates based on individual circumstances, Aegon has said.
A 65-year old taking income from their pot at 4% a year has a 20% chance of running out of money within 30 years, the firm said in a report with actuarial firm EValue. The firms added this could lead...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.