Retirement

Educating and informing working Brits on pensions is crucial if the country is going to reverse a 60/40 ratio of state to private retirement provision and close the current savings gap, research indicates.

Wrap propositions have yet to be configured to cope with proposals for A-day reforms, suggests a new report, as some systems still do not offer fully integrated pensions support.

With an ever-encroaching A-Day, Abbey for Intermediaries has launched a CD to aid advisers to identify clients who might most need a review before simplification of the new pensions regime.

An additional £2.1bn will be spend on pensions in the next fiscal year, the government says today.

As little as 40% of employers think their staff ‘appreciate' pensions as part of company benefits, a survey from human resources consultant Mellon suggests.

The TUC has again called for a compulsory pensions pot paid for by both employers and their employees in particular to remedy systemic failures hurting women.

The Actuarial Profession has welcomed suggestions from the Bank of England to issue longevity bonds in response to the current pensions debate.

The National Association of Pension Funds (NAPF) has proposed a new £105 weekly Citizen's Pension (CP), that could be introduced by 2010.

Pensions minister Malcolm Wicks has confirmed eligibility details of the Financial Assistance Scheme, added to last week's Pre-Budget announcements.

The Association of British Insurers (ABI) has called for the reform on contracting-out, arguing recent changes such as neutralising rebates have complicated matters as well as undermining its original purpose.