Retirement

The Department for Work and Pensions and the Trades Union Congress has teamed up to launch a network of ‘Pensions Champions' to deliver information and advice to workplaces across the country.

In usual ‘dance of the seven veils' style, the Government is slowly teasing us with glimpses of what the personal accounts scheme will look like.

Protected rights will be allowed to be self-invested as a Government amendment to the Pensions Bill means all restrictions will be removed apart from the requirement to purchase a spouses pension.

Pension campaigners have expressed their delight at the House of Lords support for the establishment of a pension protection lifeboat fund.

The House of Lords has thrown down a test for Gordon Brown by passing a cross-party amendment to the Pensions Bill which would create a ‘lifeboat fund' for victims of occupational pension scheme wind-ups.

The Pension Protection Fund (PPF) has launched the ‘Protecting People's Pensions' initiative targeted at members of work based pension schemes.

Ministers are being urged to clarify the Government's current thinking on the advice regime that will accompany personal accounts.

Annuity rates have improved during the first half of 2007, according to figures from The Annuity Bureau.

Pension campaigners are confident the amendment to the Pensions Bill creating a ‘lifeboat' compensation fund will be supported in the House of Lords later today, increasing the pressure on the Government to help the victims of failed occupational pension...

ANNUITY rates have improved so much in recent months that today's retiree would get a significantly better deal than one that retired in January.