pensions

A charging scale for handling pension sharing orders when scheme members divorce has been updated by the National Association of Pension Funds (NAPF).

A shift towards defined contribution (DC) pension schemes, and the growing use of hedge funds is creating a vicious circle of short-termism which is harming the economy, claims the Trades Union Congress (TUC).

Large numbers of businesses are failing to tell their employees of the changes to their pension schemes following A-Day, claims Prudential.

Final regulations to outlaw age discrimination in the workplace have been published and laid before parliament by the Department of Trade and Industry (DTI).

THE COUNTRY'S THREE main business groups have slammed the Chancellor for overseeing a collapse in the country's international competitiveness and called on him to slash corporation tax in the Budget, reports The Daily Telegraph .

Unfunded public sector pension liabilities have reached almost £1trn, which is more than 80% higher than recent government estimates, claims consulting firm Watson Wyatt.

A permanent Pensions Commission should be set up to oversee the future of the UK pensions system and promote consumer confidence claims the Trades Union Congress (TUC).

PLANS FOR A new low-cost savings scheme to tackle Britain's looming pensions crisis are gathering momentum in spite of objections from pension funds and the insurance industry, reports The Financial Times.

As more pension funds move from a defined benefit (DB) to a defined contribution (DC) basis, millions of employees are unaware of the retirement funding risk, claims Alliance Trust Savings (ATS).

Proposals to extend the transitional protection rules to prevent people losing either life cover or enhanced protection have been revealed by HM Revenue & Customs (HMRC).