Retirement

Half of UK companies with a turnover exceeding £1m are not yet prepared for pensions simplification, new research indicates.

An actuarial consultancy warns companies could end up having to fork out £1.5bn to support the Pension Protection Fund (PPF), more than five times more than government's original estimates.

In light of calls for a pensions reform and the ongoing debate, the Pensions Policy Institute (PPI) has questioned the merits of a modernised contributory state pension against a universal pension based on citizenship.

The confusion and uncertainty around the UK pensions system, will continue for at least five more years, despite government efforts at simplification, the head of pensions strategy at Scottish Life claims.

The pension deficits of FTSE 100 firms declined by nearly £12b during July, the biggest reduction since October 2003, says Watson Wyatt.

While nine out of ten advisers believe Section 32 is the best way for the majority clients to protect their tax free cash entitlement leading up to A-Day, research shows no further activity in the market, says Scottish Equitable.

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.