Pension News
Brits fear retirement reform will lead to longer working lives
A global study into retirement has revealed that the majority of Brits anticipate further reforms to the public pension system over the next decade, and fear these reforms will mean they will have to work longer and retire on less state benefits.
AEGON: Reinventing the retirement cliff edge
The Department for Work and Pensions (DWP) has issued new research showing that Britons are feeling less than happy about retirement.
Reinventing the retirement cliff edge
Less than half of Britons chose the word "happy" to describe how they felt on the first day of retirement, evidence the traditional sudden stop approach no longer works for many people.
Scottish Widows launches 23 new fund links
Scottish Widows today announces it is launching 23 new funds within its life and pensions fund range, to be available from the 21 April 2008.
Impaired annuities get the Just Retirement treatment
Just Retirement, one of the UK’s leading providers of retirement solutions, today underlines its commitment to bringing better annuities to more people by announcing its entry into the ‘impaired’ annuity market.
European survey of pension fund asset allocation
European pension funds are paying increasing attention to implementing effective governance structures in order to navigate the growing complexity of the investment landscape, according to a new survey by Mercer's investment consulting business.
Households eat into savings and reduce pension contributions
Middle Britain is facing financial turmoil as households with above average incomes struggle to cope with the increasing strain on their finances, according to a new study by AXA.
UK voluntary pension contributions slashed by half in 12 months
Voluntary pension contributions made by UK adults have almost halved in the past 12 months, according to new research from Prudential, which reveals that those who pay into company and private pension schemes say they have cut contributions by a staggering £134 a month compared with last year.
Many people expect a life of pension poverty in retirement
A large portion of people are expecting to find themselves below the poverty line when they retire, according to new research from Fairinvestment.co.uk.
HM Treasury launches consultation to update the Myners principles
HM Treasury, the Department for Work and Pensions and The Pensions Regulator (TPR), are today launching a consultation on updating the Myners principles, a voluntary set of 'comply or explain' principles designed to improve trustee investment decision-making and governance of pension funds.
Finance Bill allows more tax free cash
A change announced in the Finance Bill published last Thursday (27 March 2008) will allow some people to take more of their pension benefits as a tax-free lump sum.
Consider taking your annuity sooner rather than later
Selecting exactly the right annuity to meet individual needs from the many payment options and providers available can be one of the most important decisions a person has to make.
Pensions Regulator publishes updated guidance to support trustees and employers
Following industry-wide consultation, the Pensions Regulator has published updated guidance to support trustees and employers dealing with events that may impact upon their pension scheme, and when applying for a clearance statement.
IFAs warned over cost of delaying annuity purchase
Just Retirement, the retirement solutions specialist, sent a stark warning to IFAs to think twice before advising clients to defer buying an annuity because of current economic conditions.
Winterthur business update full year 2007
Winterthur's wealth management business, which is part of AXA Life's wealth management business unit, today reports an increase in new individual pensions business during 2007, up 22% to £1.93 billion SPE (2006: £1.59 billion) reflecting the success of its predominantly single premium proposition.