pensions

A growing number of people in the UK have caught on to the pension crisis facing them if they do not start saving for retirement, ABI research reveals.

The number of people claiming Pension Credit has increased by 64.5% in the past year the DWP says, despite heavy criticism and calls to do away with means-testing.

Research suggests despite the major increase in house prices, equity tied up in homes will not be enough for people to rely on when they retire.

Same sex couples will gain pension benefits in contracted-out schemes, while civil partners will have the right to pass on survivor pensions as married people do, under new changes announced by the Government.

Bank of Scotland's Smartfinance has launched an offset commercial mortgage for the pension fund market.

A poor market run has contributed to a small third quarter gain for pension funds.

Pension Credit, Credit Guarantee, and Savings Credit are not meeting goals because of structural errors, figures and research from the Pensions Policy Institute suggest.

Unions have warned UK companies are not adhering to promises of sharing the "burden" of pensions saving with employees.

Changes in the occupational pensions regulation may appear to be good news for IFAs, however, Abbey warns of hidden dangers leading to a ‘poisoned chalice'.

More than half the nation sees compulsory pension contributions as a possible solution to tackling the country's £57bn pensions shortfall, suggests research.