pensions

The National Association of Pension Funds (NAPF) is urging the Chancellor of the Exchequer to announce a review of the pensions and savings tax regime in his pre-budget report next month.

Increased compulsion on employers could lead to UK plc becoming less competitive, warns Stewart Ritchie, pensions development director at Scottish Equitable, ahead of the publication of the second Pensions Commission report.

Teleconferencing is being used by Clerical Medical to help IFAs understand the opportunities and issues surrounding A-Day.

THE AMOUNT of money invested in personal pension plans rose by 6% to £804m in the last quarter of 2005 compared with the same period last year, says the Guardian .

One million workers will have to rely solely on the State pension scheme to fund their retirement claims, according to research by B&CE Benefit Schemes.

ALMOST TWO fifths of Britons say they have lost faith in the private pension system and say it would take "an act of God or the Government" to make them reconsider investing, according to the Daily Telegraph .

Norwich Union is withdrawing five of their pension products from the marketplace because of the new pension simplification rules after A-Day.

The biggest concerns for the future for private sector defined benefit schemes are deficits, regulations and Pension Protection Fund (PPF) levies, according to the National Association of Pension Funds (NAPF).

PEOPLE WITH a private pension will have to put aside an extra £6,000 over their working life to compensate for the two years of lost state pension or retire at 67, an expert said yesterday, reports the Times .

The government is determined to remove unnecessary regulation and simplify regulatory burdens to address concerns of pensions schemes over reforms, Stephen told today's NAPF conference.