Retirement

Government research into automatic enrolment has revealed that although it is likely to increase employee membership, both employers and employees have their doubts about the system.

People must not be seduced into placing property into Self-invested personal pensions (Sipp) once the A-day regulations come into effect in April next year, claims the Actuarial Profession.

Five fraudsters who used puppet trustees as a tool to steal almost £3m from a final salary pension fund have been jailed for a combined total of 26 years.

The surprise appointment of John Hutton as the new Work and Pensions Secretary has left the pensions industry unsure of what will happen next.

Workplace pensions schemes are under strain and the contribution of the private sector to pensions, despite government targets, seems likely to fall rather than increase, claimed the chairman of the National Association of Pension Funds (NAPF).

Women will have to wait until 2025 before they all have the same basic state pension entitlement as men claims a new report on women and pensions by the Department of Work and Pensions (DWP).

Chancellor of the Duchy of Lancaster John Hutton has been appointed as the new secretary of state for work and pensions.

John Reid is currently at No.10 Downing Street as the Prime Minister decides who will replace the David Blunkett.

David Blunkett has admitted he "made a mistake" and "must pay the price for it" by not referring to the Advisory Committee on Business Appointments about the details of directorships he had undertaken after he first left office as Home Secretary.

Possible replacements for the new Secretary of State for Work and Pensions (DWP), following David Blunkett's resignation, are rumoured to include John Reid and Charles Clarke.