Pension News
Confidence in pensions returning
There has been a small but important improvement in employee confidence in pensions according to the fourth National Association of Pension Funds (NAPF) Workplace Pensions Survey.
Great Expectations: Britain's big retirement delusion
Half of Brits don't pay into a pension, those who do are willing to save just £59 a month, yet they still want to retire at 58!
Base rate collapse has cut pensioners' income by almost a quarter
As interest rates hit historically low levels, the UK's more than 8 million pensioners have seen their monthly income fall by almost 25% from 12 months says SHIP (Safe Home Income Plans) - the trade body that represents the majority of regulated UK equity release providers.
Pensioners say Hasta Luego to living La Vida Loca
With news out this week that Britons expect just short of a £1000 cut in their final pensions pot, those living abroad will be facing an even higher hike due to volatile currency markets having seen Sterling loose around 25 percent against the US Dollar and Euro in past two years, according to foreign currency experts, FC Exchange.
Pets at risk as recession bites
Research published today reveals how, in times of financial uncertainty, our pets pull on our purse strings more than our heart strings.
Scottish Life improves pension portfolio charging structure
Scottish Life, the pensions specialist arm of the Royal London Group, has improved the charging structure of Pension Portfolio, its innovative and successful individual personal pension product.
Prudential puts customers at heart of online hub
Prudential UK has transformed its consumer website, pru.co.uk, into a retirement income resource hub, segmenting it to cater for the needs of consumers at different stages of preretirement and retirement.
Women expect £42 billion pensions shortfall in 2009
The 2.76 million UK women who plan to retire in 2009 will each expect to receive £6,642 a year less in their annual pensions than men, equivalent to a total income shortfall of more than £42 billion, according to new figures from the Prudential Class of 2009 retirement survey published this week.
Legal & General provides MSIPP for Morrisons
Morrisons Group, one of the UK's largest supermarket chains, has joined the growing group of FTSE 100 Companies who now offer their employees' access to a Group Self Invested Pension Plan (SIPP).
Income drawdown ‘suffering significantly’ from recovery plans
Pensioners funding their retirement through income drawdown are bearing the full impact of the Bank of England's quantitative easing as falling gilt yields continue to drag down people's incomes, according to Prudential.
50 pension schemes tackle longevity risk head-on
In just 11 weeks since its launch, Club Vita, the UK's first ‘longevity comparison club', has enrolled 50 new occupational pension schemes. With combined assets of some £90 billion, Club Vita members represent around 10% of all UK fund assets.
AWD Chase de Vere online state pension forecast service
AWD Chase de Vere Consulting, the employee benefits and pensions specialist, has launched an online service to provide employees with their State Pension forecast as well as their employer's pension forecast.
100th pension scheme transfers into the PPF
The 100th pension scheme to transfer into the Pension Protection Fund (PPF) has been announced.
UK retirees missing out on £56.6 million each year
UK retirees could be missing out on up to £56.6 million of retirement income each year by not purchasing an enhanced annuity, according to research from retirement specialist LV=.
Women reminded to buy back NI contributions before April 6th
With the cost of buying back years of national insurance contributions (NICS) to make up for years out of employment set to increase on April 6th, Ian Naismith, head of pensions development at Scottish Widows comments: