Pension News
NFU Mutual customers benefit from strong financial performance
NFU Mutual’s general insurance and life customers are set to benefit from the insurer’s strong 2006 performance.
Threat of pensions apartheid and levelling-down of contributions
A major survey of pension trends in companies of all sizes, published today (1 June 2007), has found widespread disquiet about how the Government’s reforms to introduce personal accounts could impact on existing pension provision.
Scottish Life backs call for Pension Schemes to take more responsibility for DC investment strategy
Scottish Life, the pension specialist arm of the Royal London Group, has welcomed the recent report from the Pension Institute on defined contribution pensions investment.
Life and pensions new business – steady growth continues
Latest new business figures from the ABI (Association of British Insurers) show steady growth in life and pensions sales during the first quarter of 2007.
Workplace pensions in demand
A consumer survey carried out by Populus for the National Association of Pensions Funds (NAPF) found that 75% of people think that having a workplace pension is important say and 66% would take a lower paid job to get one.
Consumers to be at heart of new pensions savings scheme
The interests of consumers will be at the heart of the Government's proposals for a system of personal pensions savings accounts, Secretary of State for Work and Pensions John Hutton said today.
Pensionforce: filling the information gap
Evidence of how well pensions information in the workplace is received has been demonstrated by the NAPF’s Pensionforce service which has now helped over 1,000 people make informed choices about saving for retirement.
Don’t cap people’s aspirations for a comfortable retirement
Putting a contribution cap on Personal Accounts would discourage people from saving for retirement, reveals Which?.
Women need to be more financially prepared for retirement
Latest research (issued today by Prudential) finds that women are less prepared for retirement than men, something which is evident in HSBC's own research issued earlier this year.
Women are the pensions underclass
Women are the pensions underclass with fewer saving for their retirement than men and even those who do are saving less than men, new research from Prudential shows. The research found 60 per cent of working age women are not currently contributing to a company or personal pension scheme compared with 46 per cent of men.
Consumers could claim up to £48k in compensation after FSCS steps in
Consumers can claim compensation of up to £48,000 if they have lost money as a result of their dealings with any one of 29 firms that the Financial Services Compensation Scheme (FSCS) has recently declared in default.
Mutuals leading the way on payouts
The latest survey by Investment, Life & Pensions Moneyfacts has revealed how many mutual societies are outperforming the larger, more well-known life offices when it comes to their with profits payouts.
SIPP business growth since A-Day
Nearly two thirds of advisers (64%) report an increase in their SIPP business since A-Day, according to a survey by Alliance Trust Savings, a leading SIPP provider. While one in three (35%) advisers state their SIPP business volumes remained static, only 1% have seen a decline in volumes.
Pensioners struggle to live comfortably on state pension handouts
While some people may benefit from the annual increase in state pensions, more than two-thirds (68%) of UK retirees revealed that they would need more than Government handouts in order to live comfortably, according to a major new report commissioned by FTSE 100 life and pensions company Friends Provident.
SIPPS – Growing in popularity but more could be done to increase awareness
The popularity of SIPPs as the personal pension of choice for the mass affluent is rising, but many advisers feel that there is more to be done to raise awareness of A-Day and the opportunities brought with it, according to a survey from Fidelity FundsNetwork.