Retirement

Scottish Equitable is wading into the open annuity market, which it believes is dominated by too few players.

As many as 20% of smaller firms would axe staff if forced to contribute towards the pension pots of their employees, new research suggests.

Oonagh McDonald, director of the Retirement Income Reform Campaign (Rirc), has urged the government to adopt Retirement Income Funds (Rif's), as a reform model for pension income in the UK.

In the UK the FTSE 100 Index has advanced for the first day in three, adding 25.50 points to 5,045 points at its close, led by Corus Group.

The Liberal Democrats have accused Labour for constructing a pensions system that is ‘both complex and ineffective.'

The ABI has called for automatic enrolment by workers into their company pension schemes, with an additional option to opt out, as part of a greater package of reforms to encourage a new savings culture in the UK.

Adair Turner, chairman of the Pensions Commission has warned against government issuing ‘very' long-term longevity bonds, due to increasing UK life expectancy.

While young Brits are at least saving some their monthly earnings, new research suggests they are still not putting aside enough for their future 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.