Pension News
Women contribute 50% less into pensions than men
As shares plummet and pension funds take a hit, Fairinvestment.co.uk looks into pension trends in the UK.
Public sector pensions are "fair and proper'
Commenting on the Pensions Policy Institute (PPI) report on public sector pensions, TUC General Secretary Brendan Barber said: 'This PPI report is a useful contribution to the debate on occupational pensions.
Public sector pensions more valuable than private sector, says PPI
On average public sector pensions are now worth 21% of salary compared to a typical private sector defined benefit scheme worth 20% of salary and a typical private sector defined contribution pension worth 7%.
Pension rise is 'much too little, much too late'
New figures from the Office for National Statistics show inflation at five per cent which will result in a rise in the Basic State Pension of just £4.54 for single pensioners and £7.26 for couples.
Selftrade helps Britons understand the SIPPs maze
October 2008 signals the launch of new government regulations which allow Protected Rights to be held within Self Invested Personal Pensions (SIPPs).
Government confirms personal accounts contribution caps
Following extensive lobbying from the ABI and others, the Government has confirmed that it will ensure there are strict limits on the contributions that people can pay into personal accounts pensions, due to begin operating in 2012.
Boost in employee confidence for the workplace pension
The latest bi-annual National Association of Pension Funds (NAPF) Workplace Pensions Survey shows that employee confidence in pensions as a way of saving for retirement has improved from +3% to +22% during 2008.
Pension confidence crisis
Two thirds of consumers don't trust any political party to sort out the pension crisis that faces people in the UK, according to a survey commissioned by Defaqto.
Proposals for pensions accounting are premature
In its response to the International Accounting Standards Board's proposals to change the way employee pensions are accounted for, the National Association of Pension Funds (NAPF) said that the radical proposals from the IASB neither provide meaningful information to investors and users of accounts, nor are likely to encourage good pension provision.
Friends Provident offers reassurance to pension customers
From tomorrow, Wednesday October 1st, new regulations will allow investors to transfer any "protected rights" into Self-Invested Personal Pensions (SIPPs) for the first time.
Barclays Stockbrokers: SIPP regulation
Commenting on new SIPP regulation Catherine Penney, Associate Director at Barclays Stockbrokers, said: "From an investor's point of view the new regulations allowing from 1st October the transfer of protected rights into SIPPs are entirely positive.
FSA expects firms to ensure suitable advice on transfers into SIPPs
The Financial Services Authority (FSA) has set out its expectation that firms give suitable advice to help customers make informed decisions about transferring built-up National Insurance rebates into Self-Invested Personal Pensions (SIPPs).
HSBC signs up Standard Life to provide Group SIPP
HSBC, one of the largest banking and financial services organisations in the world, has signed up Standard Life to provide a Group SIPP arrangement for employees who are looking to invest maturing HSBC Share Reward Plans into a pension.
Pensioners struggle as flagship benefit fails thousands
More than half of older people are cutting back on essentials such as heating and food, and one in 10 of the poorest pensioners have been forced into debt by the rising cost of living, according to a new report by Age Concern.
Affluent retired worried about finances
Well off retired people are worried about both the effects of IHT on their beneficiaries and inflation - but are not prepared to do anything about it, according to wealth manager HFM Columbus.