pensions

Research suggesting nearly six in ten people admit to never reviewing their pension plans has been cited by the ABI as a reason for upgrading its online pensions calculator.

Pensioners who have not yet claimed from the Pension Credit scheme are being urged to do so, as the average payout to a new applicantis around £1,000.

Confidence amongst Brits regarding their annual retirement income rose 10% this year despite the talk of a pensions crisis, research indicates.

The Treasury has announced further steps towards regulating controversial home reversion plans.

A lack of self-regulation has contributed to actuarial advice becoming distinctly lacking in transparency, while the overall profession has been seen as to ‘insular' and cumbersome in adapting to changes, suggests a Government-commissioned report.

Obesity along with around 1,000 other medical conditions now qualify Brits for enhanced annuity rates, new research indicates.

Both the National Association of Pension Funds and Alan Johnson, secretary of state for Work and Pensions have supported a report issued earlier this week by a Government-commissioned Employer Task Force.

Age Concern England has criticised the Government's decision to set the retirement age at 65 and called plans to allow employers to sack older people over that age threshold as ‘a cowardly u-turn'.

The Government has blueprinted its plans to set the retirement age at 65 and implement it by 2006.

David Norgrove has been appointed as first chair of the new Pensions Regulator (TPR).