pensions

A RISE IN the pension age is "inevitable" by 2020, John Hutton, the Work and Pensions Secretary, said last night in a dramatic intervention that highlights the looming cash crisis, reports The Scotsman .

The Association of British Insurers will be presenting its alternative to the National Pension Savings Scheme to the government in the next few weeks although many are still unsure of the ultimate outcome of the exercise.

Despite public awareness of A-Day almost tripling over the last six months, people are still not taking enough action to meet the reforms, warns new research from IFA Promotion.

The Association of Consulting Actuaries (ACA) has expressed concerns over the Pensions Commission's proposals for a National Pensions Savings Scheme (NPSS), arguing instead for a risk-sharing proposition.

Standard Life has revealed it will no longer offer its Executive Personal Pension Plan (Epp) after A-Day.

New rules on scheme funding from the Pensions Regulator, must be flexible and pragmatic enough to reflect the long-term nature of pension scheme funding, claims the National Association of Pension Funds (NAPF).

Intermediaries need to recognise stakeholder-style pricing models are unsustainable and rethink how their business operates or risk serious financial damage, warns Scottish Life.

THE HEAD of the UK's pension fund lobby has launched a stinging attack on the Turner proposals for reforming the pensions system, reports The Guardian.

The Society of Pension Consultants have launched two aids to help scheme administrators meet their new responsibilities as A-Day approaches.

SMALL BUSINESSES could receive a government subsidy to ease the pain of having to pay a 3% contribution to employees' pensions under the Pension Commission's proposals, Adair Turner, has told The Financial Times .