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Pension News

Retention of top talent a major issue

The seventh annual Origen Employee Benefits Survey has found that, even in these unprecedented times, nearly two-thirds of UK firms agree that the recruitment of high quality staff remains a challenge.

Pension savers miss out on £720 million

Working people in company pension schemes are missing out on huge sums by neglecting to save in tax-efficient ways, according to research from Unbiased.co.uk.

Ignorance is bliss? Not if you want a better retirement

Just Retirement, the specialist retirement solutions provider, reveals the scale of the challenge facing Britain's pensioners with the launch of a study which shows that 3 in 4 of those cashing in their pension could be missing out on a better retirement income because they don't understand all the options, particularly the right to shop around for a better income.

Building knowledge and confidence key to improving pension saving

Findings from the fourth National Association of Pension Funds' (NAPF) Workplace Pensions Survey, show that tackling a lack of knowledge and confidence amongst those who choose not to join a company pension scheme when one is available could create a step change in improving the country's pension saving.

Aviva identifies ‘the forever generation’

Today's children could become what Aviva has dubbed ‘the forever generation'. They are the generation who will be retiring later, paying their mortgage for longer and having children live with them well into their twilight years.

Pensioner divorce leaves over 60’s financially worse off

Women divorcees over 60 are losing out financially due to the recession, SHIP- the equity release trade body- reveals today.

Brits believe company pension schemes may close to all workers

Seven out of 10 Brits believe that company pension schemes could be closed to all workers as a result of the increase in tax on pension contributions for high earners announced in the 2009 Budget, according to a survey commissioned by Hymans Robertson, the leading independent benefits and investment consultant.

Announcing the launch of AEGON secure lifetime income plan

AEGON has announced the forthcoming launch of a new retirement solution, which meets the flexible investment needs and desire for income security that a growing number of people in the UK are now demanding.

Warwickshire Pension Fund looks to Hymans Robertson

Hymans Robertson, the leading independent benefits and investment consultant, has been appointed to act as the investment consultant to the £850m Warwickshire Pension Fund.

People need pensions - ABI launches new consumer guide

The ABI has produced a consumer leaflet, People need pensions, to answer some key questions about pensions and annuities in the context of the current economic circumstances.

Pensions tax relief must be protected to boost saving

Giving evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee on the recent Budget on Wednesday 20 May 2009, the ABI's Director of Life and Savings, Maggie Craig, is expected to say: "The Government's decision to restrict tax relief on pension contributions for people earning over £150,000 a year could have a damaging impact on pension savings in the UK.

HSBC’s new Protected Retirement Fund option

HSBC is launching (20 May) an innovative new Protected Retirement Fund option into its group defined contribution (DC) pension proposition, offering businesses and their employees 100% capital protection on pension investments, while maximising potential growth by locking in 100% of the gains achieved from global stock markets.

NAPF launches new service for local authority pension specialists

The National Association of Pension Funds (NAPF) has today launched LA PensionsConnection, a new service designed to provide information and support to those involved in local government pensions.

Standard Life urges employers to rethink pension provision

Employees are disengaged with their retirement planning and pensions in general. Final salary schemes are closing and defined contribution schemes have lost up to 40% of their value over the past 12 months.

SIPP investors tackle market volatility head on

Investors taking control of their retirement savings through a SIPP are capitalising on current market conditions to beat volatility and get better returns, according to Barclays Stockbrokers.