pensions

Three out of four employers with final salary pensions say they are certain to face future funding dilemmas, indicates new research from the National Association of Pension Funds.

Final changes to the Pensions Bill will be known today with one last push to pass an amendment concerning the 75-age rule affecting annuities, says Liberal Democrat pensions spokesman Lord Oakeshott.

Many young people in the UK are still not convinced they will have enough money in retirement, and therefore plan to purchase a second property in the next five years to supplement their pension, indicates new research.

Although two issues, pensions and housing, have received their fair share of coverage this week, it seems as if MPs have chosen the easier routes to voters hearts and minds.

Government MPs have scuppered key changes to the Pensions Bill passed a day earlier by the House of Lords, which would have forced the government to scrap the rule forcing pensioners to purchase and annuity at age 75.

The Governments decision to extend coverage of its Financial Assistance Scheme has been taken to the House of Lords and the House of Commons this week for a third reading.

Winterthur Life has launched a new stand-alone site called Morrison-line, designed specifically to provide IFAs with up-to-date pension news, views and regulatory up-dates.

The British Chambers of Commerce (BCC) has called for a mandatory retirement age to be set at 65 but with concessions allowing the individual employers to stipulate the end point of the employer-employee relationship.

GE Life has lengthened the guarantee period of its annuity quote and is calling on rival providers to follow suit, as implementation of the Distance Marketing Directive could affect the annuity rate offered.

Pensions specialist, Winterthur Life has warned delays to simplification detail will block IFAs providing absolute advice.