Retirement

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Pensions Ombudsman sides with Royal London on annuity complaint

The Pensions Ombudsman has dismissed a complaint from a policyholder who said Royal London incorrectly interpreted the level of annuity that should be paid to him. The dispute centres on whether the policyholder understood his benefits properly and if Royal London adequately communicated what these were to him. In the case Mr S says the […]

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Ex-Partnership chief exec Groves takes new role at equity release provider

Former Partnership chief executive Steve Groves has found a new role as chairman of equity release specialists Key Retirement. Groves remains chairman at another equity release provider, Retirement Bridge Group, after leaving Partnership Group in the wake of its merger with Just Retirement in 2015. Retirement Bridge Group’s private equity backers then sold their stake […]

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Steve Bee: Coping with the 21st century retirement crisis

The golden age of defined benefit company pension schemes is over. The golden generations of pensioners it spawned, in the private sector at least, have gone off into the sunset with their generous pots. Towards the end of the last century, many of the largest employers in the UK used their pension schemes as the […]

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Pensions minister: Companies should offer in-house IFA

Employers should follow the lead of a Stoke-on-Trent pottery business that brings an IFA into their business on a regular basis as part of their HR offering, pension and financial inclusion minister Guy Opperman says. Speaking at the Pensions and Lifetime Savings Association conference yesterday, Opperman said Stoke-based Steelite, whose premises he had visited, should […]