Pensions
Opportunities still exist for pension providers
While it is widely acknowledged that people are not saving enough for their retirement, a new report from Defaqto to be published in early October, indicates that there are still good opportunities for pension providers to flourish in the current environment.
Hartford Platinum with GRIP wins Best Innovation Award
Hartford Life Limited has been revealed as the winner of the Best Innovation award at the Investment, Life & Pensions Moneyfacts Awards 2007, held in the City of London.
AEGON and Openwork extend their partnership
AEGON and Openwork have announced an extension to their partnership as the relationship continues to benefit both businesses.
Trustees' cooperation vital to FAS payment drive
Minister for Pensions Reform Mike O'Brien has called on trustees to cooperate with measures to speed up Financial Assistance Scheme (FAS) payments to people aged 65 and over.
Retired homeowners in Scotland reap benefits
The continuing boom in the housing market has reaped unlikely benefits to the retired Scottish homeowner.
Money too tight to pension
Over 1.5 million of those aged 55 and over claim they can’t afford to retire at state retirement age due to lack of pension savings.
Employers concerned at low pension contributions
A study by Barclays Financial Planning (BFP) of 200 UK small to medium sized companies today revealed over half (51 per cent) of these employers are concerned their employees are making insufficient contributions to their pensions and are actively encouraging their staff to increase them.
Pension scheme e-filing - one month to go
With mandatory e-filing for registered pension schemes only a month away, HMRC is urging scheme administrators to make sure they're ready for the big day.
James Hay warns of rise in ‘off the page’ SIPPS
James Hay, UK SIPP provider, today warns on the rise of “off the page” SIPPs, following recent research. The research in conjunction with Pensions Management into declared sources of business from registered SIPP providers, shows the rise in direct sale SIPPs.
UK pension ‘confidence crisis’ deepens
Britain’s pension gap continues to increase with more than a quarter (26%) of British adults failing to make any provision for retirement, according to data from the annual retirement confidence index (RCI) provided by financial services provider, Alliance Trust.
L&G and Hargreaves Lansdown pioneer postcode rated annuities
Legal & General is running a pilot study with Hargreaves Lansdown who specialise in providing annuity services to their customers, to establish the benefits of using a customer’s postcode as an additional risk factor in determining the annuity income that may be provided.
Retirees miss out on £1.25 billion in pension benefits
Failure to seek professional advice to help understand how health can positively influence annuity rates is costing British retirees £1.25 billion worth of pension benefits every year, according to new research by Partnership, the specialist provider of ill-health financial solutions for retirement and long term care.
Pensions crisis to get significantly worse warns panel of experts
Prudential Retirement Income Panel warns further falls in saving are inevitable and sets out action plan to reverse the trend.
Pension schemes risk further volatility
Many schemes still face significant pension deficit volatility as a result of mis-matches between assets and liabilities, according to Mercer Human Resource Consulting.
NAPF: Impact of stock market falls on pension funds
NAPF Chief Executive Joanne Segars said today: “Pension Funds are long-term investors and pension funds will set their funding strategies in accordance with their long term liabilities, not short-term market moves, so there is no reason to think that the Stock Market falls of the last few days will have a significant impact on pension provision”.