pensions

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.

A MORE generous state pension in return for a longer working life will be among the chief recommendations made by Lord Adair Turner's Pension Commission later this month, according to the Financial Times .

Internal controls required by pension funds to promote trustee competency under new pensions legislation, could be made compulsory if trustees and advisers do not actively embrace the guidelines, warns consultancy firm Watson Wyatt.

State benefits will no longer provide the majority of our retirement income within a few years, claims a new report from Prudential.

PARENTS COULD be hit by a marginal income tax rate of 78% because of the complex way benefits and taxes interact, leading accountants argue in the Daily Telegraph .

The Department of Work and Pensions (DWP) is launching a five year research study into whether employees already enrolled in workplace pensions can be encouraged to save more with automatic increases to their contributions each year.

Over 50% of active investors are confused by the upcoming A-Day changes to pensions, claims a new survey from TD Waterhouse.

The Pensions Regulator has revealed its approach to the cross-border requirements of the Occupational Pensions Directive, in a consultation document that will last for just four weeks.