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Millions bank on lottery win to fund retirement

Around three million people in the UK are pinning their hopes for a comfortable retirement on a later-life lottery win, according to the National Association of Pension Funds (NAPF).

clock 24 May 2011 •

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Aviva: workers positive on auto-enrolment

Most workers will choose not to opt out of auto-enrolment when it comes into force from 2012, an Aviva report suggests.

clock 24 May 2011 •

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Treasury to block DWP state pension changes - lawyer

The Treasury will not allow the Department for Work and Pensions (DWP) to alter the proposals for raising the state pension age (SPA), a pensions lawyer said.

clock 23 May 2011 •

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Singapore QROPS loses court battle

Singapore-based qualifying recognised overseas pension scheme (QROPS) trustee Equity Trust has lost its latest hearing in a high court, leaving investors open to a potential 50% tax charge.

clock 23 May 2011 •

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Webb begins crackdown on pension transfer deals

Pensions minister Steve Webb will meet with industry representatives and the Pensions Regulator (TPR) today to urge a crackdown on pension transfer incentives.

clock 23 May 2011 •

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MPs revolt against women's pension age rise

Ministers are considering a revolt against what Liberal Democrats have termed "deeply unfair" increases in the state pension age for women.

clock 23 May 2011 •

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Cut tax relief for 60% state pension boost: Johnson

Michael Johnson has reignited calls for limiting pensions tax relief, saying the annual £29bn saved by the Treasury from tax relief could increase the state pension by 60%.

clock 20 May 2011 •

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Pru pays up for IFA's time after pension blunder

Prudential has paid an IFA for advice needed by a customer who received a correction payment on their Scottish Amicable pension, after IFAonline highlighted the case.

clock 20 May 2011 •

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Govt rubber stamps end of contracting out

The government this week passed legislation which officially ended contracting out of defined contribution (DC) pension schemes from April 2012.

clock 20 May 2011 •

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Govt launches two-week auto-enrolment consultation

The DWP has launched one last consultation on auto-enrolment before the pensions bill becomes law.

clock 19 May 2011 •
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