Pensions News - Page 74

Planning for retirement has never been more important

More than five million working age UK adults (14 per cent) believe they’ll never be able to afford to retire, with less than half the population (just 45 per cent) believing they will be able to stop working by 65, according to a retirement savings report from Prudential.

Pensions Index reveals the nation is still falling short

A major report, published by Scottish Widows, reveals that while confidence is beginning to return to the pensions market (with savings figures up from 2006), only 49% are saving adequately and 24% are not saving at all. Almost a third (32%) of those who have at least one pension are unsure where their main source of income is coming from.

Stub it out and do the treble

With the smoking ban now looming, insurer NFU Mutual explains how the savings made from giving up your daily nicotine fix can not only run into thousands of pounds, but over the longer term, could also help to ease the burden of retirement provision.

DWP announcement on personal accounts a wise decision

Commenting on today’s announcement from the Department for Work and Pensions, Richard Saunders, Chief Executive of the Investment Management Association said: “The reduction in the cap from the previously proposed £5,000 is a wise decision.

Personal Accounts: good news on cap – more work ahead on details

Commenting on publication of the Government’s response to the consultation on the White Paper Personal Accounts: a new way to save, Stephen Haddrill, Director General of the ABI (Association of British Insurers), said: “The Government has responded to the concerns we had about its earlier proposals.

NAPF welcomes Government decision on Personal Accounts

The National Association of Pension Funds (NAPF) today welcomed the Government’s decision to establish Personal Accounts as a trust-based occupational pension scheme and to introduce a package of measures to support existing workplace pensions.

Scottish Widows supports Government's decision on Personal Accounts

Scottish Widows has welcomed the Government's response to submissions made on the White Paper on Personal Accounts. The Government has announced that the yearly limit on Personal Account contributions will be £3,600 with indexation to 2012 rather than the £5,000 previously proposed, and that there will be no Government subsidy of the new scheme.

Make it gold for pensions in 2012

As John Hutton, Secretary of State for Work and Pensions, announces his response to consultations on Personal Accounts – the new government pension scheme for 2012, Peter Vicary -Smith, Chief Executive, Which?, says: “Today’s announcement gives the green light to a pension scheme which will finally centre on the needs of the consumer.

Hutton announces details of landmark new pensions scheme

The Government today published details of a landmark new savings scheme to give all employees the right to a workplace pension with a contribution from their employer.

ABI review to improve Life and Pension Fund Sectors

The ABI has launched a review of its Life and Pension Fund Sectors, which categorise over 6,000 unit-linked life and pension funds.

NAPF responds to EEF call for pensions financial help

Responding to proposals by manufacturers’ organisation EEF for providing smaller firms with financial assistance when Personal Accounts are introduced, National Association of Pension Funds (NAPF) Chief Executive, Joanne Segars said: “We should not forget that it’s not only small companies contributing to pensions for the first time that will need help.

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