Pensions
New low cost pension to help millions save for retirement
The Government has set out the expected charges for NEST (National Employment Savings Trust), which will give millions of people the opportunity to save to meet their aspirations for their retirement.
Society’s poorest most likely to opt out of pension schemes
The poorest in society are most likely to opt out once government proposals forcing companies to enrol employees into pension schemes come into effect in 2012, according to research from Hymans Robertson.
New film to encourage pension saving
The NAPF has unveiled a new film to help employees understand how important it is to save for their future, and how their company pension scheme can be part of that.
Wealth more important than health for happy retirement
Almost three-quarters (71%) of employees say that being financially secure would make them happy in retirement according to new research from the National Association of Pension Funds (NAPF).
Give your mum a financial makeover this Mother’s Day
Flowers, chocolates and spa days will be the obvious gifts of choice this Mother's Day but, while appreciated by mothers across the country, will they improve her financial future or retirement options?
MGM Advantage awarded five stars for retirement income
MGM Advantage, the innovative retirement income specialist, is delighted to announce that its recently launched flexible income annuity product has been awarded five stars by Moneyfacts, the UK's leading independent financial information provider.
MGM Advantage: Growth of enhanced annuity market
Aston Goodey, Director of Sales and Marketing, MGM Advantage comments, "Enhanced annuities have experienced a strong growth in sales in recent years and we aren't surprised to hear that they now account for almost one in five of annuities sold.
Pension income not enough for retirement
Only a third (34%) of working people believe that their pension will give them enough money in retirement according to new research rom the National Association of Pension Funds.
Five star Defaqto rating for Aviva Sipp
Aviva's self-invested personal pension (Sipp) has achieved a five-star Defaqto rating.
Government must rethink pensions tax plans, says NAPF
The Government must stop its plans to change pensions taxation for high earners, look carefully at the threat they pose to wider pension provision, and listen to the pensions sector's alternative approach. This is the message given in the NAPF's response to a Government consultation today.
Need for new generation of retirement income products
As a result of rising inflation, MGM Advantage, the innovative retirement income specialist, estimates that the average retired household, where the main occupant is aged 65-74 years, needs to find an extra £774.70 a year to maintain the standard of living they enjoyed just 12 months ago.
Failure to plan leaves women financially at risk in retirement
Although women are likely to live on average nine years more than men in retirement, less than two in five (38%) women in comparison to 50% of men, plan for their long-term finances, according to the latest research from Standard Life.
100,000 workers have schemes that hit Pension Quality Mark
Just six months after its launch, over 100,000 people are now saving in pension schemes that have the Pension Quality Mark. They now have a simple way to see that the pension scheme they are offered at work is a good one.
Friends Provident enters new pension partnership with Babcock
Babcock International Group Plc, the UK wide support services group, has selected Friends Provident to administer a single defined contribution pension scheme for its employees who do not have access to its existing DB schemes.
Recession hits value of pension fund assets
In 2008, the value of self-administered pension funds' assets dropped to £928 billion as stock markets fell at the start of the recession, says a chapter of 'Pension Trends' published by the Office for National Statistics.