pension reform

The majority of pension savers prefer the flexibility of staying contracted-out, even though contracting-in is more likely to maximise their savings, claims Legal & General.

Graduates risk halving their income in retirement if they delay saving in a pension until they are 30.

The Department for Work and Pensions has published a guide to help people understand more about pensions and saving for retirement.

The Conservatives have failed to spell out any specific pension proposals in the interim report from its Economic Competitiveness Policy Group.

Low administration charges are not the most important aspect of the proposed personal accounts, claims the Pension Policy Institute.

Proposals to abolishing contracting-out for defined contribution (DC) pension schemes outlined in yesterday's white paper has caused concern among some sectors of the industry.

The white paper on pensions reform due for publication later this week will include plans to scrap the ability to contract-out of the State Second Pension (S2P) for money purchase schemes from 2012.

STANDARD LIFE'S DECISION to demutualise came under political pressure last night after Dr Vincent Cable, the deputy head of the Liberal Democrats, backed a campaign for the company to remain mutual, reports The Scotsman .

Comments from IFAs and others present at this weekend's PIMS 2004 conference suggest a basic lack of suitably qualified advisers could scupper the government's pensions reforms - yet, also create more business for IFAs.

The Association of Consulting Actuaries' (ACA) has issued a ‘manifesto for pensions reform'.