Investment

Mayoral special

With about five months to go until auto-enrolment begins just under 70% of employees remain unaware they will be affected by the changes, Aviva research has found.

The UK pensions bill hit £7.1trn at the end of 2010, weighed down by firms with defined benefit (DB) schemes owing £1.3trn in pension obligations, national statistics show.

Poor annuity rates and a bleak outlook for future improvements mean retirees should delay their purchase for as long as possible, an adviser has warned.

Companies could be missing thousands of eligible workers out of their auto-enrolment plans because they wrongly believe they are classed as self-employed, consultants and a lawyer warn.

Members of the Pensions Action Group (PAG) have renewed lobbying MPs' to improve their compensation package from the Financial Assistance Scheme (FAS).

The Pensions Regulator (TPR) and Department for Work and Pensions (DWP) are launching a website to guide employers' communication to staff throughout the auto-enrolment process.

Millions of pounds taken from nine defrauded pension schemes were transferred to two shell companies before being disseminated to a multitude of "risky" investments, a court heard yesterday.

Tony Morris was a "deeply involved central figure" in the alleged £52m GP Noble pension scheme fraud and instigated the illegal transfer of funds, a court has heard.

In this week's quick fire poll, we ask: Recent SHIP figures show equity release is experiencing some growth and this is expected to increase as more baby boomers retire without sufficient savings. If this growth continues, would you move into advising...