Investment

Mellon has cautioned any consideration for pensions compulsion could lead to contributions being set at too low a rate in order to accommodate affordability concerns the entire UK population.

The FSA has issued guidance on their website alerting people to reassess their current status of being either contracted in or out of the Second State Pension, in anticipation of the end of the tax year.

It is currently unclear what action the Inland Revenue will take if you report a tax benefit regarding a SIPP before A-Day, the SIPP Provider Group warns.

The CBI has criticised the Government's proposals for a citizens' pension, which is priced on residence instead of national insurance contributions, as an option the country can't afford.

The TUC has again called for compulsory pension savings to be included in Government plans alleviate the current pensions crisis.

Total employer contributions to final salary pension schemes increased by nearly 50% in the past year, research indicates.

In considering the national state pensions age, life expectancies for all socioeconomic groups are generally being greatly ‘understated' by as much as 10 years says the Pensions Policy Institute (PPI).

The Department for Work and Pensions (DWP) has dropped a bombshell by hinting it intends to ‘sweep away' the retirement age.

Following the Government's announcement regarding incentives to push up the working age, the Institute of Directors (IoD) says more than 75% of its members are opposed to staff being ‘pensioned-off' at a certain age.

The Government has outlined its quest to get people to work longer, by offering a lump sum payment in excess of £30,000 for people wanting to delay their state pension by five years.