Retirement

More than half of UK small and medium sized enterprises (SMEs) believe on-going employee pension provision places a ‘burden' on their business, a survey suggests.

The number of people claiming Pension Credit has increased by 64.5% in the past year the DWP says, despite heavy criticism and calls to do away with means-testing.

Research suggests despite the major increase in house prices, equity tied up in homes will not be enough for people to rely on when they retire.

The Personal Finance Society (PFS) has begun work on a number of projects, the first of which will be to tackle depolarisation, defining what people will and will not be able to do with their business.

Further government amendments to Pensions Bill have been proposed following concerns from industry consumers will be penalised if they cannot fulfil pension requirements.

A poor market run has contributed to a small third quarter gain for pension funds.

Consumer debt problems dealt with by Citizens Advice bureaux have increased by 74% in the past seven years, leading the charity to call for reforms to be included in the Queen's Speech.

Pension Credit, Credit Guarantee, and Savings Credit are not meeting goals because of structural errors, figures and research from the Pensions Policy Institute suggest.

Rathbone Greenbank Investments has launched an advisory service on socially responsible investment (SRI) for pension funds and charities.

Unions have warned UK companies are not adhering to promises of sharing the "burden" of pensions saving with employees.