Investment

Scottish Life, has upgraded the e-service functionality for its retirement solutions range of group pensions.

Citizens Advice has warned MPs the means-tested pension credit is failing to serve a large number of the very poorest pensioners it was originally set up to benefit.

Stocks in the UK are trading down this morning with the FTSE 100 Index losing about 16 points to 4702.

More than two thirds (67%) of people in the UK feel compulsory saving serves as the best solution to the pension-funding shortfall, a report indicates.

IFAs are being ushered to look at the cost of charges on contracted-out pensions, as the estimated size of the average contracted-out pension pot now stands at £24,000, suggests Legal & General.

Levels of information now offered by online finance sites are now at record levels, according to key findings of the Online Finance Awards 2004 judging panel.

Employees will be required to opt-out of company pensions schemes, rather than opt in, the Secretary of State for Work and Pensions has just confirmed.

Pension compulsion could see a "sad ending for the most successful voluntary pension system in Europe" - that is if people get over the confusion of what pension compulsion really means, says Steve Bee.

More than half of UK small and medium sized enterprises (SMEs) believe on-going employee pension provision places a ‘burden' on their business, a survey suggests.

The number of people claiming Pension Credit has increased by 64.5% in the past year the DWP says, despite heavy criticism and calls to do away with means-testing.