Pensions News

HSBC Pension report issued
A report has been issued regarding the pay divide for female pensioners.

ABI reports steady long-term savings growth
Long-term savings are continuing to grow, with sales of life and pensions products increasing by nearly 13 per cent in the second quarter of 2005.

GE Life improves annuity rates
GE Life has announced that up to 40 per cent of annuitants are eligible for enhanced annuity, but many could be missing out.

Bank of Scotland urges A-day action
The Bank of Scotland urges pension fund investors to take advantage of new rules which come into force next year.

DWP announces pensioner assistance
The Department for Work and Pensions (DWP) has said it is to provide assistance for pensioners in the form of benefits from the Financial Assistance Scheme (FAS).

TUC seeks "brave" approach to pensions
The Trades Union Congress (TUC) is calling on the government to tackle the pensions crisis with renewed "bravery".

Most 19-25 year olds have no pension scheme
More than 70 per cent of young people aged 19 to 25 have not joined a company or personal pension scheme, new research has shown.

HSBC pensions to become more flexible
HSBC pensions will have to become more flexible in order to reflect the changing needs and expectations of people in modern society, a new study by the bank has suggested.

New service to aid money matters
A new service that aims to help people manage and understand their pensions, savings and investments has been launched.

Ex-pats seek equal pensions treatment
The House of Lords will today hear a case that will influence whether or not the Government will be landed with a bill of £400 million to up rate the pensions of Brits who retired abroad.

Norwich Union Life Insurance sees new stealth tax on pensions
New Government proposals amount to a "piggy bank raid" on investors, savers, and pension holders Norwich Union has said.

Prudential pensions says property more popular for retirement fund
A new survey by Prudential has found that people would rather invest in property than pensions to provide for their retirement.

Norwich Union pension launches new product
Norwich Union (NU) has announced details of its new personal pension designed to support the full financial advice process.

Stakeholder pensions causing firms problems
Many companies will struggle to meet the demand of promised final pension schemes.

Stakeholder pension holders need to plan
Individuals with substantial pension savings need to plan now in order to maximise the tax efficiency of their pension plans ahead of the introduction of the £1.5 million Lifetime Allowance (LTA) in 2006, according to Watson Wyatt.

Government rethinks protection for stakeholder pension holders
The Government looks set to rethink its plans for providing protection for workers whose company pension schemes collapse.

Public supports personal pension reform
The Association of British Insurer's (ABI') report into UK saving has revealed public support for key reforms to state and personal pensions.

Contracted out pot worth £24,000 states Legal & General pensions
Legal & General pensions has estimated that the average contracted out pension pot is now worth around £24,000.

UK residents worried about stakeholder pensions
Over 7 million people in the UK are still not putting aside any money to cover their retirement.

Property should supplement stakeholder pensions
Equity tied up in homes through home equity loans will not be enough for people to rely on when they retire, new research warns.