Pension News
Which? slams with-profits penalties
As Norwich Union and Friends Provident introduce Market Value Reductions (MVRs) on over 1.4 million with-profits policies, Which? personal finance campaigner, Dominic Lindley, says: "These penalties will come as a bitter blow to with-profits policyholders.
AEGON: Pensions Bill amendment
AEGON UK welcomes the news that the Government wants to amend the Pensions Bill to allow women approaching retirement to benefit from an increased basic state pension.
Age Concern welcomes DWP NI contributions proposals
Age Concern's response to the Government's proposal to allow people to buy up to an additional six years of voluntary National Insurance contributions.
Pensions boost for women
The government has proposed an amendment to the Pensions Bill to allow people to buy up to an additional six years of voluntary National Insurance contributions, over and above those permitted under the current time limits, in order to enjoy a higher state pension.
Women urged to plan for the future
With speculation that a policy change will see more women qualifying for the full state pension from 2010, Friends Provident is reminding all women to think more about their future finances.
Free Saga guide to navigating the pensions annuity maze
According to Saga Personal Finance an increasing number of pension providers are introducing arbitrary postcode rating for pension payments. As a result there has never been a more important time for retirees to shop around for the best annuity deal for their pension savings.
Standard Life welcomes ABI led annuity improvement service
Standard Life has welcomed the move by the ABI (Association of British Insurers) to develop an industry wide annuity transfer service.
Insurance industry initiative will improve annuity transfer times
The ABI (Association of British Insurers) has announced details of its work with the UK's leading annuity providers to speed up the time it takes for Open Market Option payments to be made to pensioners.
Billie Piper can call the tune on pensions
Dr Who star Billie Piper is probably not focusing too much on the retirement of her son Winston James Fox after celebrating the birth of her first child.
Age Concern: NPC rally for higher state pension
Age Concern responds to NPC (National Pensioners Convention) march and rally on parliament to demand an increase in the Basic State Pension.
L&G reduces final bonus rates on with profit policies
Following poor investment conditions and turbulence in the markets in 2008, Legal & General has announced that payouts on with profits policies are being adjusted through reductions in final bonus rates which are being introduced from today.
National lobby demands decent state pension for all generations
Britain's pensioner and trade union movements are joining together for the first time to call for a higher basic state pension for the over 60s of today and tomorrow.
Securing the pensions promise
The Government has tabled amendments to the Pensions Bill that would introduce measures to protect the benefits of pension scheme members.
MGM Advantage says annuity age limit debate clouds real issues
MGM Advantage, the retirement income specialist, has responded to recent calls for a temporary suspension of the age limit for annuities.
Pension planning essential to ride economic turbulence
With reports suggesting that market turmoil has created a £80.3billion shortfall in final salary pension schemes and defined contribution pensions suffering as well, Skandia’s Strategy Director, Michelle Cracknell offers words of wisdom to people worried about the impact of current stock market turbulence on their pension schemes.