Pension News
Pension funds’ engagement is getting results
The 2007 Shareholder Engagement Survey, published by the National Association of Pension Funds (NAPF), shows that Britain’s largest pension funds are actively engaging with the companies in which they invest.
Grandparents in debt to tune of £57 billion
Around one in five (over 1.1 million), retired homeowners in the UK have an outstanding mortgage on their home – with an average debt of £38,000, according to Scottish Widows UK Pensions Report 2007. What is more, one in eight owe more than £50,000 putting increased pressure on retirement income.
Scottish Widows launches two new life and pension funds
Scottish Widows has added to its range of life and pension funds by launching its two new funds – the Diversified Assets Fund and the Dynamic Property Fund.
With pension’s crisis looming survey suggests glimmer of hope
The UK’s looming pension’s crisis has been further underlined by the findings of a new survey showing 30 per cent of people aged 45 – 54 and 12 percent of those over 55 have not started saving for their retirement!
Calls to amend laws to rescue defined benefit pensions
Gordon Brown, the new Prime Minister, could improve pensions for millions of workers with some small changes to the law, says Fidelity International, one of the leading investment management and services groups.
Annual costs of a DB pension exceed those of average mortgage interest payments
The annual cost of providing a defined benefit (DB) pension exceeds the average home-owner’s yearly mortgage interest payments, according to analysis by Fidelity International, one of the leading investment management services groups.
PPF unveils model to help calculate long-term risk
The Pension Protection Fund has today unveiled its Long Term Risk Model – a bespoke system that will enable it to calculate the many risks it could face in the years to come.
HMRC: Register now for pensions e-filing
With less than three months to go until electronic filing becomes mandatory for registered pension schemes, HM Revenue & Customs (HMRC) is urging Pension Scheme Administrators to register now for online filing.
Seven million homeowners say property is their pension pot
Seven million homeowners plan to use their home to supplement their pension, according to research by personal finance website Fool.co.uk.
Society help for wealthier retirement
Yorkshire Building Society has launched a new pension review service for its customers and members of the public to help them maximise their income in retirement.
Tomorrow enhances drawdown offering
At and post retirement specialist Tomorrow has extended its drawdown offering to allow for transfers between both Protected Rights USP contracts and Protected Rights ASP contracts.
Prudential and Barclays sign new annuities agreement
Prudential UK (“Prudential”) and Barclays have announced today details of an agreement under which Prudential will be the preferred supplier of conventional annuity products to Barclays' retail customers in the UK.
Legal & General's Wealth Management business shows strong growth
Total sales at Legal & General Wealth Management are up 18 per cent in the first half of 2007 compared with the same period last year. Pension sales are up by 38 per cent and bonds are 12 per cent up year on year.
Huge boost for women and carers as Pensions Act 2007 becomes law
Women and carers received a huge boost today thanks to the reforms to the state pension system in the Pensions Act 2007, which has received Royal Assent.
O'Brien welcomes review of pensions legislation
Minister for Pensions Reform Mike O'Brien today welcomed an independent report examining how workplace pension provision could be encouraged by easing the burden of regulation on employers.