Retirement

New figures from the Department of Work and Pensions (DWP) reveal an additional 65,000 individuals, or 50,000 households, received Pension Credit in the first quarter of this year.

The Confederation of British Industry (CBI) says attaching pensions and training issues to statutory bargaining, within the Employment Relations Act will impose a 'legislative straightjacket' on firms'.

The Trades Union Congress (TUC) has joined with a group of charity pension groups to form a new People's Pensions Coalition in a campaign calling for a radical pensions settlement in the UK.

The younger generation have conflicting opinions from their parents on the adequacy of retirement income that ensures a decent standard of living, new research indicates.

The Pensions Regulator will issue 8,000 occupational pension schemes a 'scheme return form' towards the end of the month, in accordance with the Pensions Act 2004.

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.'