pensions

The Pensions Commission's proposed National Pension Savings Scheme model is the best solution for delivering affordable personal accounts to boost pensions savings, today's White Paper concludes.

Fund choices in the personal accounts regime will to some extent be deliberately restricted because most consumers either do not want or do not understand choices put before them.

The Department for Work and Pensions has published a simplification plan, as part of the government's ‘Better Regulation' agenda, but has failed to include any further details of its rolling deregulatory review of pensions.

Consultant Watson Wyatt says life companies will 'have to move fast' on PTA to avoid any potential mis-selling claims in future.

I am beginning to dread the use of the words 'simplify' and 'simplification' by the government. Often, it leaves me feeling more confused than ever.

The Treasury has today announced it will allow people to continue to opt for an alternatively secured pensions instead of an annuity at retirement, but rule changes now mean the fund cannot be transferred on death.

Pensioners' disposable incomes are still being squeezed as household bills rise at a faster rate than pensions, according to research from Norwich Union.

Skandia say offering alternatively secured pensions, ASPs, can encourage greater pensions savings.

Legal & General (L&G) has launched a new portfolio of financial promotions tools - including a movie - to help employers inform their staff about their group pension schemes.

Continued strong demand has led the CII to extend its education programme on pensions simplification aimed at advisers who need better understanding of pensions taxation rules.