An on-line Annuity Service is being launched later in April as part of the Pension Advisory Service’s guide to retirement options.
Currently only a third of pension scheme members shop around – with their legal right to an Open Market Option [OMO] – to find the best annuity rate.
The tool will guide investors through their options using FSA [...]

UK Finance News
Entries Tagged as 'Pensions'
PAS to launch internet-based OMO tool
James Stafford - Thursday 10.04.08, 05:11am
Tags: Pensions
Tax rate change downgrades pension conribution tax relief
James Stafford - Thursday 27.03.08, 06:37am
When you are panicking about your pension, here is something else you need to worry about before 5th April - making sure you get the maximum tax-relief in advance of the basic rate of income tax dropping to 20%.
If you’re planning to drop in a lump sum or just fill out your Stakeholder with its [...]
Tags: Income Tax · Pensions
Pensions battle for Gurkhas
James Stafford - Friday 21.03.08, 08:53am
Their heroic bravery has never been in doubt; the Gurkhas have fought across the globe in conflicts past and present - as part of the British Army.
Ironic then that these Nepalese stalwarts have had to seek a judicial review over the fair
treatment of their army pensions - especially when they thought they had already won [...]
Tags: Pensions
Pension deficit boomerang just came back
James Stafford - Wednesday 19.03.08, 07:13am
As central banks and regulators make all efforts to curb the immediate impacts of seismic
revaluations of equities, currencies and commodities, let alone restore market confidence, spare a thought for the pensions scheme trustees.
In recent times many have been able to redress deficits or at least been able to see light
at the end of the tunnel [...]
Tags: Pensions · UK economy
Poor prospects for property as DIY pension?
James Stafford - Friday 14.03.08, 07:13am
In the UK, after 20 years of pension panic, an increasing chunk of the working population have made the journey from ‘Nanny State’ reliance mentality through the rough seas of the denial phase when ‘it will never happen to me’ and beached safely on the idea that their property will be their pension.
Well done. They [...]
Tags: Pensions · Property Market · UK economy · UK interst rates · Uncategorized






