Investment

An additional £2.1bn will be spend on pensions in the next fiscal year, the government says today.

As little as 40% of employers think their staff ‘appreciate' pensions as part of company benefits, a survey from human resources consultant Mellon suggests.

The TUC has again called for a compulsory pensions pot paid for by both employers and their employees in particular to remedy systemic failures hurting women.

The Actuarial Profession has welcomed suggestions from the Bank of England to issue longevity bonds in response to the current pensions debate.

The National Association of Pension Funds (NAPF) has proposed a new £105 weekly Citizen's Pension (CP), that could be introduced by 2010.

Pensions minister Malcolm Wicks has confirmed eligibility details of the Financial Assistance Scheme, added to last week's Pre-Budget announcements.

The Association of British Insurers (ABI) has called for the reform on contracting-out, arguing recent changes such as neutralising rebates have complicated matters as well as undermining its original purpose.

Zurich Financial Services and Scottish Equitable have today broken new ground on depolarisation links and signed a deal to employ ScotEq as the multi-tie pension provider for Zurich's new distribution channel.

Nearly half of UK homeowners now have a mortgage they will still be paying after they retire, a figure that has almost doubled since 1992, Abbey research suggests.

Gordon Brown has announced a minor windfall will be provided towards the basic state pension in an ongoing Government effort to tackle pensioner poverty.