pensions

SUPERMARKET GROUP Somerfield has insisted any bidder would have to make guarantees to its pensioners for at least the next six years, according to this morning's Daily Telegraph .

David Blunkett MP, has made it clear the withdrawal of the welfare state as we know it is under way, and the government is pushing strongly for individuals to look after themselves by acquiring their own savings and assets.

The government cannot make everybody rich in retirement but could prioritise improving provisions for women by maintaining a state system, a leading pensions expert has warned.

Hewitt Associates has poured further fuel onto the pension fire saying there is little hope of an early solution to the UK pension deficit.

The Pensions Regulator has responded to a warning made last week by Scottish Equitable stressing defined benefit schemes could face a fine of up to £50,000 for failing to return occupational pensions audit information by 31 August.

A new survey casts more damning evidence on the current issue of a lack of pensions literacy among UK individuals, as 80% of personal pension holders are oblivious to the ‘basic facts' of their policies.

An IFA has called on the government to implement a system where a flat rate pension is provided to all, as pensions in divorce can be particularly destructive for older divorcees.

Financial advisers are proving unwilling to give advice on whether or not to remain contracted into the state second pension, says The Pensions Advisory Service (TPAS).

A work till you drop policy in the UK seems an inevitable following comments made by the head of the Pensions Commission, Adair Turner.

The Liberal Democrats are attempting a last-minute coup to close what it sees as a costly pensions tax loophole arising as part of pensions simplification arrangements from April next year.