pensions

Around 90% of pension schemes say the changes to the Pensions Act 2004 and the Finance Act 2004 have not improved the take-up of the scheme or simplified the administration, according to research from Capita Hartshead.

The Association of British Insurers (ABI) argues self-employed people should be automatically enrolled into any new low cost savings scheme such as the National Pension Savings Scheme (NPSS) or its own idea for ‘Partnership Pensions'.

Aegon launching a major advertising campaign to target corporate decision makers, at a time when it is looking into a move into the bulk annuities market.

Mis-trust of wrap platforms by IFAs, and fears providers could sell direct to consumers are understandable but unfounded, claims Standard Life's marketing director.

An ageing population and changes in technology are forcing the life and pensions industry to adopt a new business model which puts its focus on the consumer rather than financial advisers, claims Standard Life's Trevor Matthews.

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.