Pension News
Employees want pensions ‘advice’ from employers
At the first ever National Association of Pension Funds (NAPF) DC PensionsConnection meeting on 17th January 2008, the results of an online poll revealed that 87% of DC experts believed that employees look to their employer to help them understand how much to save and in which funds to invest.
The workplace should be central to generic financial advice
In its response to the Interim Report of the Thoresen Review of Generic Financial Advice, the National Association of Pension Funds (NAPF) believes the role the workplace can play in offering generic financial advice (GFA) has been underestimated and that it should be more central to its delivery.
Stock market volatility - impact on company pensions
As the markets closed yesterday (22 January), the effect of market movements on the UK's largest company pension schemes left them showing an aggregate deficit of £13 bn, according to actuaries at Mercer. This compared to a deficit of £25bn on Monday 21 January.
Stock market falls - NAPF comments on pension funds impact
The National Association of Pension Funds (NAPF) has today reiterated that pension funds are long-term investors and short-term falls in stock markets will not have an enduring effect on workplace pensions.
Joining up to improve service
The Pension Service and the Disability and Carers Service are to be brought together into a single Agency - the Pension, Disability and Carers Service - Peter Hain, the Secretary of State for Work and Pensions, announced today.
Save more for your retirement and pay less fees with TD Waterhouse
TD Waterhouse, the award winning online broker, has introduced another enhancement to its investment pricing following its recent introduction of zero fees on ISAs.
Pension providers need to act or face regulation
Pension providers need to improve levels of service to customers taking out annuities, with an emphasis on speeding up fund transfer times.
Over 9 million Brits have no pension provision, but expect to retire by 62
Research from Baring Asset Management (Barings) reveals that on average, Brits expect to be retired by the time they are 62.
Pension fund returns lowest for five years
2007 proved to be a disappointing year for most pension savers, with pension fund returns at their lowest for five years, according to research from Investment Life & Pensions Moneyfacts.
Pension schemes continue to diversify their investments
The latest NAPF Annual Survey of UK pension schemes reveals that the trend away from investing in equities continued in 2007 as further diversification of defined benefit (DB) pension assets took place.
Getting your priorities in order
People do not have their priorities in order when focussing on retirement planning and are still not heeding the advice on the benefits of early saving, according to Fidelity International.
Super earners can invest half a million in their pension this year
Super Earners’ who rank in the top 1% of earners in the UK can more than double the maximum SIPP (‘Self Invested Personal Pension’) Annual Allowance for this tax year, says Fidelity FundsNetwork.
Stable picture for workplace pensions
Workplace pension provision is finding a new equilibrium after many years of change, according to the latest NAPF Annual Survey of UK pension schemes.
Friends Provident imposes redemption restrictions on Property Fund
Friends Provident, the FTSE 100 life and pensions provider, has today imposed a notice period during which policyholder switches and withdrawals from the £1.2 billion Friends Provident property funds will be deferred for up to six months from the date of request.
Pensions used to prop up household income
One in three over 55s (36%) use money from their pensions to help support their children and grandchildren and one in ten (12%) dip into their savings and investments in order to contribute to the family household income according to new research.