Pension News
Capita Life and Pensions secures ten year Scottish Life contract
Capita Life and Pensions has been appointed by Scottish Life, the pensions specialist arm of the Royal London Group, to provide specialist investment administration services, over a ten year term, for its pension portfolio plan, to be launched on 4 December.
Pension saving is a top priority for a quarter of Brits
Nearly one in four Brits (22%) say saving for a pension is one of their top financial priorities, according to research by Alliance Trust Savings Limited, the financial services company.
Steady growth in pensions new business
Steady growth in life and pensions new business sales is continuing, according to the latest figures from the ABI (Association of British Insurers).
Pensioners with annuities face continued injustice
For years pensioners with certain types of pensions (annuities) have had too much tax deducted from their payments.
Standard Life Assurance sets out 4 point SAVE plan
Trevor Matthews, Chief Executive, Standard Life Assurance Limited, spoke today at the Fifth ABI Saver Summit - Thinking for Tomorrow - in London and set out a four point plan to change the UK from a culture of borrowing to a financially capable society of savers.
ABI sets five tests for the success of personal accounts
The ABI (Association of British Insurers) has set five tests which must be passed by the proposed new system of pensions Personal Accounts. Those five tests are:
Retirement age must rise or next generation will pay
Opposing a higher State Pension Age would mean asking our children and grandchildren to foot the bill for the equivalent of a 4p rise in the Basic Rate of income tax to cover the extra costs of an ageing population, Secretary of State for Work and Pensions John Hutton said today.
Women continue to face challenges following pension reforms
A major new report, published by Scottish Widows and the Equal Opportunities Commission, reveals that the current pension system continues to fail women and that women will continue to lag behind men in pension provision even after the proposed reforms. Those who are self-employed or spend long periods caring for others could be particularly hard hit.
Public lack trust in financial services industry
As the Government puts the finishing touches to the White Paper on the future of pension saving, new research from Which? shows that the financial services industry has a long way to go to gain the full trust of the public.