Retirement

As many as six out of ten young Brits, aged between 16 and 34, are not saving a single penny towards their retirement, new research indicates.

Eight out of ten UK workers believe compulsion is the only option in order to get individuals to save, according to new research.

A leading law firm has warned draft government regulations aimed at providing employees with greater control over their work scheme pensions will lead to a lengthy consultation process.

More than half of Brits would prefer a flat-rate state pension based on the Citizen's Pension model, new research indicates.

Bank of Scotland Investment Service has launched a website to aid individuals in the run up to A-Day, on 6 April 2006.

Bank of Scotland Annuity Service (Bosas) says Brits are squandering up to £18,500 by not shopping around for highest annual income from their pension fund.

New research indicates lazy Brits have only themselves to blame when it comes to inadequate pensions retirement sums.

Professor John Hills, serving on the team of the Adair Turner Pensions Commission, has opened the lid on its concerns over a lack of understanding of the pension system, ahead of the much-anticipated report due to be released in the Autumn.

Pensions Minister Stephen Timms pledged his support for the pensions pegulator yesterday and said the government and the regulator need to work together to ensure to promote effective regulation of the industry.

Prime minister Tony Blair has ruled out the introduction of compulsory pension contributions before the next election.