Investment

About 40% of people say they are aware of not saving enough for their future well being, while more than half are clueless as to the amount they should be saving, research indicates.

IFAs will need to look in every "nook and cranny" of the recently passed Pensions Bill because of the number of provisions it contains, warns pensions expert Stewart Ritchie.

Employers believe the Pensions Bill is a missed opportunity the CBI has said after the legislation passed its final hurdle.

Up to 80% of affected firms are not prepared for the Inland Revenue's pensions simplification set for April 2006, Hewitt Associates research suggests.

The FTSE 100 Index has broken a two-day trend, shedding about 12 points to 4,793 this morning when shares in the UK's two largest drugmakers fell after US health officials said two products needed closer safety reviews.

Research by provider JPMorgan Fleming suggests women in the UK on averge already expect to have lower incomes in retirement than men.

Three out of four employers with final salary pensions say they are certain to face future funding dilemmas, indicates new research from the National Association of Pension Funds.

Final changes to the Pensions Bill will be known today with one last push to pass an amendment concerning the 75-age rule affecting annuities, says Liberal Democrat pensions spokesman Lord Oakeshott.

Government MPs have scuppered key changes to the Pensions Bill passed a day earlier by the House of Lords, which would have forced the government to scrap the rule forcing pensioners to purchase and annuity at age 75.

In the UK this morning, the FTSE 100 index is back on the rise picking up about 7 points to 4,776, paced by MM02.