pensions

NEW LABOUR'S drive towards compulsory pensions savings has begun as new Pensions Minister Alan Johnson yesterday proposed to the party conference employees would have to opt out of occupational schemes, says the Times newspaper .

Consumers want to access their pensions savings in the event of unemployment or illness and would like to see some of simple risk indicator on financial products, according to a joint investigation.

Governments' attempts to modernise pension systems coupled with increasing cross-border trade in financial services will stimulate significant growth in assets under management across Europe, says FEFSI.

Abbey for Intermediaries has set out a reminder note for intermediaries to bear in mind regarding the introduction of new pensions legislation.

Consumers want to see a major cultural shift in the handling of 'later years' financing which could make take-up of savings from supermarkets, football clubs or charities more popular, suggests research.

TWO directors of David M Aaron - the independent financial adviser firm which was banned for issuing misleading literature on high-income "precipice" bonds - are now promoting venture capital trusts (VCTs), according to this morning's Times .

Scottish Life has introduced an online voting tool to its BeeHive website to give IFAs another platform for expressing their views on key pension issues.

The average UK worker has a pension shortfall of around £50,000, according to a study by Datamonitor.

THE PENSIONS CRISIS has failed to dent people's desire to take early retirement, as a study the number of men drawing their pensions at or before 60 has dropped, says the Guardian .

Women are paid less, save less, are less likely to benefit from employer contributions to pension schemes, the Association of British Insurers confirms in new research.