Retirement

Pensioners' disposable incomes are still being squeezed as household bills rise at a faster rate than pensions, according to research from Norwich Union.

Consumers with high levels of credit card debt or saving for a deposit on a house might want to opt-out of saving into the proposed personal accounts, suggests Minister for Pensions Reform James Purnell.

Ahead of the publication of the DWP's Pensions White Paper, IFAonline brought together six intermediaries to share their thoughts with James Purnell, Minister for Pensions Reform, about current proposals for personal accounts.

It is thought the Department for Work and Pensions will release its White Paper on pensions reform next week, specifically presenting proposals for the introduction of personal accounts.

Skandia say offering alternatively secured pensions, ASPs, can encourage greater pensions savings.

Legal & General (L&G) has launched a new portfolio of financial promotions tools - including a movie - to help employers inform their staff about their group pension schemes.

Opposition parties have criticised some of the contents of the first Pensions Bill including the delay in restoring the link to earnings for the Basic State Pension.

Differences in the individual suitability of personal accounts could cause problems in producing clear generic advice, claims the Pensions Policy Institute.

Suffolk Life has announced senior management changes as part of its plans for development and growth.

Despite broad support for the pension reforms published in today's Bill, some parts of the industry are concerned more could still be done.