Three things we learned this week

Retirement Planner's round-up of the week's top pension stories.

Directors exit as Rockingham fails to file accounts

Questions have been raised over pension provider Rockingham Group Plc, after a first strike-off notice from Companies House was posted in January.

Director Stephen Hunt departed on 26 January, following Gary Forster, who left on 28 September.

The company, which includes the subsidiaries Rockingham Independent, Rockingham Retirement and SIPP Administration Services, has not filed accounts since March 2010.

To read more click HERE

Employers' interest in NEST plummets

Just one in 20 employers intends to use the National Employment Savings Trust (NEST) for auto-enrolment, according to Punter Southall research.

A survey of more than 150 employers found 5% of respondents intend to use NEST, down from 13% last year.
Only 6% intend to use a new pension scheme, with most employers planning to amend their existing pension scheme to meet the new requirements.

To read more click HERE

Living Time rebrands as Primetime Retirement

Fixed term annuity (FTA) provider Living Time will relaunch as Primetime Retirement in Q1 this year.

It will also launch a new retirement product for the over-75 market in March.
The rebrand comes after the end of the company's distribution deal with MetLife, signed in January 2011.

Primetime's new product, the Primetime Retirement Plan, uses a deposit-based structured product from Investec within a SIPP.

To read more click HERE