pensions

Savings over the summer months are set to fall, despite an increase in overall savings levels over the last year, with women saving more than men for the first time, reveals research from NS&I.

The Pensions Management Institute (PMI) has announced a new chief executive will take over following the annual general meeting in July.

Around 25% of companies named in the FTSE 250 index could in theory pay off their defined benefit (DB) pension deficits within a year using discretionary cashflow, claims research from KPMG.

Adair Turner believes the proposals put forward in the pensions white paper on state reform are a "reasonable compromise", and is pleased the government did not bow to pressure to remove contingent compulsion for employers in its plans for personal accounts....

FINANCIAL SERVICES GROUP Prudential is in talks to sell its private equity division PPM Capital to the company's management team, The Daily Telegraph has learned.

The government would like to see the arrangements for low cost personal accounts to be kept at "arms length" from the state when more details are released in a technical paper scheduled for the Autumn, claims the Minister for Pensions Reform.

The Pensions Regulator has published a discussion paper putting forward new proposals on the content of scheme reports and accounts to be included in the next Statement of Recommended Practice (SORP) for pensions.

An education and communication programme for members of both defined benefit (DB) and defined contribution (DC) occupational pension schemes is being offered by Mercer Human Resource Consulting as part of its all-in-one retirement service.

Defined benefit (DB) schemes could benefit from smaller deficits if changes are made to rules governing scheme surplus refunds, says BDO Stoy Hayward Investment Management.

Pensioners are still set to see a 50% fall in income when they retire despite proposals in last week's pensions reform white paper to improve future pension saving, claims Fidelity International.