Retirement

A leading economist has hit out at the Turner Commission for wrongly focussing on a so-called ‘pensions saving' as the most relevant to the standard of life during retirement.

An All-Party Parliamentary Group has been created to try to establish a clear consensus between the various political parties over the state of the current pension system.

The Financial Services Authority (FSA) has restricted the approved person status of a independent financial adviser following a review of his financial reporting to the regulator regarding pensions business.

Six out of ten ageing Brits are unaware of the changes affecting theirt pension funds as a result of A-Day on 6 April next year, new research indicates.

The Trades Union Congress (TUC) is threatening widespread industrial action over government plans to change current pensions policy in the public sector, including raising the retirement age from 60 to 65.

HM Revenue & Customs says it is aware of interest in setting up pensions arrangements intended to increase the value of an individual's pension rights at 6 April 2006, or rights in relevant schemes in an 'artificial' manner.

The Personal Finance Society will host its inaugural Conference, following its merger between Insurance Association (LIA) and the Society of Financial Advisers (SOFA) at the start of the year.

With working Brits already not saving enough, the Association of British Insurers (ABI) says the current pension system further fails individuals who change jobs or their pension provider during their career, picking up a number of small individual pension...

Adair Turner has approached the Investment Management Association (IMA) to examine cost-effective ways in which National Insurance contributions might be pooled and put towards a pension.

Tax confusion, a lack of information on pensions, along with an insecurity of not knowing how much they will get at retirement are still major barriers preventing individuals in the UK putting money into their pension, new research indicates.