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RSS Feed Pensions

Smaller firms face pensions decline, say actuaries

17:03 | 05 Jan 2009 | By Edward Lander

Pensions provision across smaller firms is rapidly deteriorating as schemes struggle to survive ‘hostile’ economic conditions, according to actuarial research.

Brown vows help for pensioners and savers

11:26 | 05 Jan 2009 | By Maryrose Fison

This year's Budget could include measures to help pensioners and savers who have been hit by the slashing of interest rates, as Prime Minister Gordon Brown pledged to help those who have lost out. 

Book review: Financial Peace Revisited by Dave Ramsey

00:01 | 03 Jan 2009

More than money itself, what most people need is peace of mind. If you do not take control of your finances, they will control you.

Whatever happened to company pensions?

00:01 | 01 Jan 2009 | By Joss Harwood

The responsibility for your financial security in retirement now rests with you

Hang onto your hats – here comes 2009

00:01 | 31 Dec 2008 | By Lorna Bourke

If you survived 2008 without losing any money and with the value of your home holding up, you have done well.  So what will 2009 bring? 

Govt age discrimination proposals 'irrelevant', says Standard Life

17:17 | 16 Dec 2008 | By Maryrose Fison

Standard Life has branded the Department of Work and Pensions' proposals to the age discrimination consultation 'irrelevant'.

Pension overpayments: 95,000 face cuts

15:29 | 16 Dec 2008 | By Maryrose Fison

(Updated) Chancellor Alistair Darling has revealed that thousands of retired public sector employees will see their pension cut next year because of an administrative blunder costing around £126m.

NU reduces pension product commission 0.5%

12:12 | 16 Dec 2008 | By Maryrose Fison

Norwich Union will reduce commission on its Your Pension Select and Stakeholder Pension contracts from 26 January 2009.

Pension Insurance Corporation takes on Thorn liabilities in £1bn deal

11:49 | 15 Dec 2008 | By Maryrose Fison

Britain's largest pensions buy-out has taken place, securing benefits for members of the Thorn Pension Fund through a £1 billion transaction with Pension Insurance Corporation.

Public sector pensions to cost £1 trillion, warns CBI

11:35 | 15 Dec 2008 | By Maryrose Fison

The Confederation of British Industry has called for an urgent review of public sector pension schemes, which it estimates will cost tax payers nearly £1 trillion over the next few decades.

Inflation costs pensioners £200 a year

10:44 | 12 Dec 2008 | By Maryrose Fison

New calculations have revealed that single pensioners’ state pension will have plunged more than £200 through pensioner inflation in 2008/2009.

Govt must act to stop DB pension closures, says ACA

17:29 | 11 Dec 2008 | By Maryrose Fison

The Association of Consulting Actuaries has today condemned the government for failing to address ‘middle way’ options in its response to this year's risk-sharing consultation.

Pension firm aims to grow GPP through phone service

09:00 | 10 Dec 2008 | By Iain Martin

Alexander Forbes plans to develop a telephone-based service to tap mass market clients in its group pension plans.

Alliance Trust will cease new business on Full Sipp

13:52 | 09 Dec 2008 | By Maryrose Fison

Alliance Trust will cease new business on its full Sipp product from Friday, due to concerns over its administration.

Pension fund fraudster ordered to pay back over £400,000

11:45 | 09 Dec 2008 | By Maryrose Fison

A £400,000 confiscation order was yesterday made at Birmingham Crown Court for the raid of security company Cheney & Son’s £3m final salary pension fund

PADA decumulation consultation paper invites industry comment

10:46 | 08 Dec 2008 | By Maryrose Fison

The Personal Accounts Delivery Authority has launched an 84-page discussion paper looking at securing an income at retirement

FSA review finds 'unsuitable' advice in 16% of pension transfer cases

18:10 | 05 Dec 2008 | By Maryrose Fison

(Update) The Financial Services Authority’s review into pension transfers has revealed that up to 16% of cases may involve ‘unsuitable’ advice, with only a quarter of firms providing fault-free advice.

‘Benefits’ of early withdrawal ring alarm bells for advisers

09:00 | 03 Dec 2008 | By Maryrose Fison

Advisers challenge provider plans to build occupational pension schemes with 'early withdrawal facility'.

Regulator must police long-term care advice more closely, warns Palm’s Faye

09:00 | 03 Dec 2008 | By Maryrose Fison

Elderly people are being put at risk as financial planners slip through loopholes in long-term care qualification system, says long term care specialist.

IFAs vital to personal accounts, says delivery authority

10:41 | 02 Dec 2008 | By Richard Harris

The Personal Accounts Delivery Authority is consulting on proposals to launch an annuity provider panel and develop a 'self-service' annuitisation process, saying it will stress the importance of seeking advice to members of the pension scheme.

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