pensions

The National Association of Pension Funds (NAPF) has proposed a new £105 weekly Citizen's Pension (CP), that could be introduced by 2010.

Pensions minister Malcolm Wicks has confirmed eligibility details of the Financial Assistance Scheme, added to last week's Pre-Budget announcements.

The Association of British Insurers (ABI) has called for the reform on contracting-out, arguing recent changes such as neutralising rebates have complicated matters as well as undermining its original purpose.

Zurich Financial Services and Scottish Equitable have today broken new ground on depolarisation links and signed a deal to employ ScotEq as the multi-tie pension provider for Zurich's new distribution channel.

Nearly half of UK homeowners now have a mortgage they will still be paying after they retire, a figure that has almost doubled since 1992, Abbey research suggests.

Five non-executive directors have been appointed to the board of the Pension Protection Fund by the secretary of State for Work and Pensions, Alan Johnson.

Tenet will host an A-Day function to help its advisers get to grips with any potential impact pensions simplification may cause.

A computer crash which has crippled benefit pension payments at the DWP since Monday has largely been corrected with nearly all users now able to access their business systems, according to the DWP.

The Chartered Institute of Personnel and Development has warned Government they are living in a ‘fool's paradise' if they think abandoning means-tested benefits will solve the current pensions crisis.

Advisers need to turn their attention back to clients' demand for products and associated investments instead of attempting to supply as many options as possible, suggests Winterthur pensions strategy manager Mike Morrison.