pensions

One of the key benefits of Lord Turner's proposed National Pension Savings Scheme (NPSS) is its suitability to everyone means there is no need for the inclusion of regulated advice, claims the ABI.

THIS MORNING'S papers are all reporting on the new pensions deal which has been agreed between the prime minister and the chancellor to re-link the state pension increases to earnings and raise the retirement age to 68.

One of consulting firm Watson Wyatt's most senior and experienced actuaries is to take over as chairman of the Association of Consulting Actuaries (ACA).

The introduction of a National Pension Savings Scheme (NPSS) "would be a disaster" unless public apathy towards saving is tackled ahead of concerns about the cost of the scheme, claims Winterthur Life.

The average worker could see a 60% drop in income when they retire if they are a member of a defined contribution (DC) scheme - giving them an income which is lower than employees on the minimum wage, says Fidelity International.

AMICUS HAS CALLED for an investigation into moves by Kvaerner to abandon its UK pensions liabilities, as it emerged the Norwegian conglomerate's parent had already left 700 workers at another British company without the benefits they had been promised,...

A-Day changes to Retirement Annuity Contracts (RAC) about the acceptance of employer contributions seem to be causing confusion between IFAs and providers.

Tony Blair's cabinet reshuffle sparked real concern about planned announcements for pension reform, following the removal of minister for pensions reform Stephen Timms to the Treasury and the arrival of his replacement James Purnell.

Almost two-fifths of IFAs believe most consumers will still seek advice on pension investment following the introduction of a National Pension Savings Scheme (NPSS), claims research from the Association of Independent Financial Advisers (AIFA).

The appointment of relatively unknown MP James Purnell to the role of minister for pensions reform has been criticised by both the Conservatives and the Liberal Democrats.