Pension News
PPF shares levy more fairly across pension schemes
The Pension Protection Fund (PPF) estimates that it needs to collect £675 million in pension protection levies in 2008-2009 – a figure unchanged from 2007-2008.
AXA enhances individual pension proposition
AXA Wealth Management has announced its enhanced individual pension proposition. AXAs Wealth Management pension propositions all allow for a Discretionary Trust option which is available across their Stakeholder, Personal Pension and Self Invested Pension wrappers.
Flexible approach to pensions and personal savings
Mercer has developed an innovative approach to savings that enables employees to distribute their combined employer and employee pension contributions between their pension plan and a general savings plan.
Friends Provident wins two Gold Standard Awards
Friends Provident, the FTSE 100 life and pensions company, won two Gold Standard Awards at the Incisive Media Gold Standard Awards ceremony, held at the House of Commons.
Pensions crisis? What pensions crisis?
People retiring in 2008 are giving up work early and majority are looking forward to a final salary pension scheme to fund them in retirement, according to a study from Prudential.
Fund supermarkets increasingly important to SIPPS
Nearly half of providers marketing SIPPs offer a defined link to fund platforms in their propositions to aid mutual fund trading, according to Defaqto’s Retirement Savings & Income Report 2007.
The Pensions Regulator given key reform role
The Pensions Regulator will monitor a new system of pension saving from 2012, Minister for Pensions Reform Mike O'Brien announced today.
NAPF supports proposals on deregulation of workplace pensions
In its response to the Government’s recent deregulation consultation, The National Association of Pension Funds (NAPF) welcomed the Government’s measures as a means of supporting good workplace pensions to the benefit of both scheme sponsors and their members.
Trust is key to extending professional pensions advice
Defaqto’s recently published ‘Retirement Savings & Income Report 2007 – A review of the individual retail pensions market in the UK’ – shows that many consumers still trust themselves and their family and friends for advice on retirement planning.
Regulator confirms use of powers on Telent pension scheme
The Pensions Regulator has published a Final Determination Notice that confirms its decision to appoint three independent trustees to the Telent (formerly Marconi) Pension Scheme.
Legal & General to improve pension income for customers
Following a successful pilot study with Hargreaves Lansdown, Legal & General will be using customer postcodes as an additional risk factor when quoting for a conventional non-profit annuity from Wednesday 7th November 2007.
Friends Provident New Generation Group Personal Pension
Friends Provident, the FTSE 100 life and pensions company, announced two major enhancements to its award winning corporate pensions offering.
Mind the gender gap – women continue to shun SIPPs
James Hay, UK SIPP provider, has released figures showing that the SIPP market continues to be dominated by men.
PPF levy likely to continue to rise
The Pensions Protection Fund (PPF) annual report and accounts published on 25 October show that during the 2006/7 levy year, the PPF expected to receive £575m in levies but only collected £271m.
Pensions – sisters still aren’t doing it for themselves
A major report, published by Scottish Widows, reveals that not only do women suffer the much publicised ‘pay gap’, but that they also save less for the future than men.