Retirement

The only solution to a second wave of final salary pension scheme closures is for the government to encourage the introduction of risk-sharing schemes, claims the Association of Consulting Actuaries.

The Government's deregulatory review of pensions must deliver "meaningful reform" rather than "simply tinker around at the edges", says Joanne Segars.

John Hutton, Secretary of State for Work and Pensions, has revealed personal accounts will be run by trustees who will take "ultimate responsibility" for the "strategic direction" of the scheme including choosing funds and collecting contributions.

The Pension Protection Fund has confirmed it will not include investment risk as part of the risk-based levy.

The cost of buying-out defined benefit pension liabilities has reduced significantly over the last 18 months as the marketplace becomes more competitive, says Paternoster.

Any contribution cap on personal accounts would discourage people from saving for retirement, claims Which?

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Almost two-thirds of women are failing to contribute to a pension, which suggests they need to think more widely about additional ways to fund their retirement, such as property and benefits, claims Prudential.

More than 50% of advisers are confused about the effects of recent SIPP regulation, claims Merchant Investors.

THE recent strength of the UK equity market has allowed some of the biggest pension schemes in the country to slash their deficits.