Retirement

Almost 5,000 businesses have lost confidence in their final salary pension schemes over the last year.

Proposals to change the contributory principle of the state pension, will not much of a difference, claims the Pensions Policy Institute.

Firms which apply to operate personal pension schemes will be given ‘interim permission', even if their application has not been approved when regulations come into force.

Standard Life has added a retirement calculator to its website to help people plan how much they need to save.

The government has refused to waive its costs if they win a judicial review over its response to the Parliamentary Ombudsman's report on pensions.

The government has accepted the concerns of opposition parties on pension reform but warns any consensus will have to be accepted by the public.

The government has failed to clarify the parts of the pension portability directive which could cost an extra £210m a year in pension contributions.

Around 63% of UK workers are against the planned increases in the state retirement age.

The UK has been referred to the European Court of Justice for not fully implementing an internal EU Directive on pensions.

The government has applied for an order which could limit the amount of compensation paid to workers who have lost their pensions.