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Webb: No override powers for pension CPI switch

Steve Webb has said the government will not give private sector pension schemes the power to override scheme rules to shift from RPI to CPI indexation.

clock 08 December 2010 •

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Aegon to restructure and boost Asia and US business

Aegon global chief executive Alex Wynaendts has unveiled plans for the life company to restructure and secure a stronger share of the Asian and US life and protection markets.

clock 08 December 2010 •

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Consumers reject fee-based equity release advice

Around a third of people see equity release as an important part of their retirement planning, but are not willing to pay fees for advice on it, according to the Equity Release Solicitors' Alliance (ERSA).

clock 08 December 2010 •

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Treasury cannot show value of public sector pension cuts

The Treasury is unable to effectively demonstrate the value for money of changes to public sector pensions, the National Audit Office (NAO) warns.

clock 08 December 2010 •

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Govt to 'carve out' pension scheme member protection

Pensions minister Steve Webb will today launch a consultation on whether the government should allow scheme trustees to switch the indexation of pension schemes from RPI to the traditionally lower measure of CPI.

clock 08 December 2010 •

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Pension scheme deficits up 50% since 2006

The deficits of the 200 largest private pension schemes have grown by 50% since 2006, according to Aon Hewitt.

clock 07 December 2010 •

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Webb defends CPI pension switch

Pensions minister Steve Webb has been forced to explain how he assessed housing costs for pensioners when deciding to switch pension indexation from the RPI to CPI.

clock 06 December 2010 •

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Dutch to get 50% higher retirement income than Brits

The UK private pension system is 'not fit for purpose' and 'hugely inefficient' compared to its European counterparts, according to new research.

clock 06 December 2010 •

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Majority of IFAs against early pension access

Only one in ten advisers thinks there should be early access to pension funds for any reason, a Rowanmoor Pensions poll says.

clock 06 December 2010 •

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PPF loophole leaves savers exposed

A legal loophole could threaten PPF payouts in the event of company insolvencies, warns Ros Altmann.

clock 02 December 2010 •
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