pensions

The third and final report from the Pensions Commission has received a muted response from both the government and the insurance industry.

The Department for Work and Pensions has developed proposals for a private sector alternative to the National Pension Savings Scheme (NPSS) which is said to be modelled on those presented by the Association of British Insurers.

Alternative models to a National Pensions Savings Scheme (NPSS) have not convinced the Pensions Commission they would deliver a set of benefits which would justify the extra cost.

MARK WOOD, the former UK chief executive of Prudential, has convinced former FSA chairman Sir Howard Davies to join the board of his new insurance company, The Times says this morning.

A National Pensions Savings Scheme (NPSS) is needed to help young people save for retirement, claims the Trades Union Congress (TUC).

HUNDREDS OF thousands of staff will not be able to benefit from pension reforms coming into force this week as two major surveys are thought to have found many big companies are unprepared for the changes, according to the Daily Telegraph .

Norwich Union has announced a number of changes to its senior management team, including the replacement for the chief executive of Norwich Union Life (NUL).

Her Majesty's Revenue and Customs have published draft Finance Bill provisions to clarify how Inheritance Tax (IHT) will apply to pensions.

THE CHANCELLOR yesterday refused to support claims by Tony Blair and John Hutton, the Work and Pensions Secretary, suggesting it would cost £15bn to compensate workers deprived of their pensions, reports The Times .

The proportion of private sector employers which offer some kind of pension provision to employees has declined since 2003, according to research published by the Department for Work and Pensions (DWP).