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Working party boosts plan to scrap compulsory annuities for 75 year olds

The Retirement Income Working Party has added its weight to the campaign to scrap compulsory annuities for 75 year olds.

In a report out next week, The Retirement Income Working Party argues only investors with total pension incomes of less than £140 a week should be forced to buy an annuity.

Current legislation demands retiring investors must buy an annuity when they reach 75, but RIWP says the rules need to be amended because the depressed annuity market has been bad news due to base rate rises failing to kick start annuity rates.


Pension savers warned to act fast

Millions of pension savers need to act fast as basic tax rate falls to 23 per cent to 22 percent on April 6, cutting base rate tax relief by the same amount.Those making lump sum contributions will save a pound in every hundred if they do so before April 5.Legal & General spokesman Andy Agar […]

Eurolife launches investment bonds for IFAs

Eurolife is launching a range of investment bonds to the IFA market.The range includes a five year Capital Protected Bond Isa, a One-Year Plus Guaranteed Bonus Bond and an International Zero Risk Capital Bond for the offshore market.The Capital Protected Bond Isa provides 100 per cent return of capital after five years with the potential […]

Financial Options to offer mortgage advice on-line

Financial Options is hooking up to the internet to create a one-stop service for property hunters called The IFA network says the site will allow users to trawl through houses on sale across the UK and to check more than 1200 mortgages from 300 different lenders.Users of will be offered online mortgage advice […]

Isa confusion still rife, says report

More than one in three investors are still unsure whether they own a maxi or mini Isa as the product approaches the end of its inaugural year.MarketMinder&#39s Isa Tracking Report for February reveals 33 per cent of investors are still confused about the difference between maxi and mini Isas and 5 per cent say they […]


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