UK and world daily Pensions news stories | Money Avenue Finance News

Britons “Burying Their Heads in the Sand” over Pensions

Tue, 31 May 2011 07:00:00 +0100

A new report released by HSBC has highlighted the problem of what it calls the ostrich generation ; Brits aware of the new challenges which they will face in...

Pension Incomes Highest in 30 Months

Wed, 25 May 2011 07:00:00 +0100

Research from financial comparison website moneyfacts.co.uk has suggested that retirement incomes are now at their highest level since the end of 2008. The...

Figures Reveal Pensions Gender Gap

Wed, 18 May 2011 07:00:00 +0100

Women retiring in 2011 expect to receive a yearly pension a third lower than what men expect to receive, according to a survey by financial services firm...

Teachers Look Set to Strike Over Pension Changes

Wed, 04 May 2011 07:00:00 +0100

A third teaching union voted overwhelmingly in favour of allowing ballots for strike action in opposition to public sector pension scheme reforms on Sunday,...

Government Announces State Pension Shakeup

Wed, 09 Mar 2011 11:07:48 +0000

The UK government announced plans yesterday for a major overhaul of the pensions system. Speaking at a conference for the charity Age UK, Work and Pensions...

UK Businesses Are Not Ready for Pension Changes

Tue, 21 Dec 2010 09:01:57 +0000

A recent research carried out by Aon Hewitt, global human resources company, showed that almost a quarter of UK businesses are not ready for auto-enrollment...

Brits Lose 50% of Pension Income in Administration Fees

Thu, 09 Dec 2010 07:50:07 +0000

A recent report by the Royal Society for the Encouragement of Arts (RSA) published in the Telegraph on December, 6th suggests that Brits are losing as much as...

Tim Jones Appointed Chief Executive at NEST

Mon, 29 Nov 2010 08:28:59 +0000

Let us remind that the British Government decided to introduce NEST - National Employment Savings Trust - from the year of 2012. This program will oblige all...

UK Annual Pensions Increase – Aon Hewitt

Mon, 22 Nov 2010 09:40:41 +0000

According to figures revealed recently in the Aon Hewitt's DC Index, UK workers are lucky to have their annual pensions increased.Over the past month, annual...

State Pension Age to Be Increased Earlier than Expected

Fri, 22 Oct 2010 06:49:49 +0100

UK Chancellor George Osborne surprised most Brits with his announcement that the government pension age will be raised to 66 years by 2020.The whole country...

Stakeholder Pensions Popular among Brits

Tue, 05 Oct 2010 09:01:16 +0100

Brits investing in stakeholder pension have seen a 4.38% growth as the contributions have increased to £13,994, up from £10,800 in 2001.Let us...

Standard Life Increases the Cost of SIPPs

Wed, 29 Sep 2010 06:37:19 +0100

Standard Life, one the largest UK pension providers and the leader on the market of self invested personal pensions (SIPPs), recently announced that it...

Brits Do Not Have Pension Plans – Baring Asset Management

Fri, 17 Sep 2010 07:59:01 +0100

A recent research by a global investment management company, Baring Asset Management, showed that almost one half of British women does not have a pension.As...

The Pension Fund Reveals its Long Term Plans

Thu, 26 Aug 2010 11:42:45 +0100

At the beginning of this century, many pensioners were left devastated and faced the collapse of their pension scheme.The fund was created five years ago with...

Sterilin Switches to New Stakeholder Pension Scheme

Thu, 29 Jul 2010 07:00:00 +0100

It has recently been announced that Sterilin, a UK-based manufacturer and supplier of various premium quality disposable plastic equipment for the life science...

Aegon Introduces New SIPP Technology

Tue, 27 Jul 2010 07:38:11 +0100

Aegon UK, a leading provider of life insurance, private pensions, savings and investment services, has recently signed a deal with GBST, a British technology...

UK State Pension Age to Be Axed by 2016

Sat, 26 Jun 2010 11:58:38 +0100

Mr. Duncun, Work and Pensions Secretary at the Conservative party, and Mr. Webb, Pensions Minister at the Democratic Party, recently announced that state...

Government Pension Schemes Expenses to Double In the Near Future

Mon, 21 Jun 2010 08:30:00 +0100

Referring to the Office for Budget Responsibility (OBP), in the following 5 years the cost of public sector government pensions will double. The general cash...

Every third woman can face retirement poverty

Mon, 21 Jun 2010 08:15:00 +0100

According to conducted research, 35% of women and 29% of men after retirement in 2010 can fall outside of the poverty line that amounts to £13,900 a...

SIPPs Pay Almost Nothing

Tue, 15 Jun 2010 09:27:47 +0100

A recent report, which is annually published by Pensions Management magazine, showed that while the total amount of investments in self-invested personal...

Workers are at risk being trapped by retirement poverty

Thu, 03 Jun 2010 15:07:24 +0100

According to a consultancy firm Aon, thousands of workers are under the threat of living in poverty after their retirement as they are not able to save up.Aon...

State Pension Age to Be Increased

Wed, 02 Jun 2010 08:30:47 +0100

In her speech, the Queen of Great Britain has announced that the new government will opt for the reform of the UK pension system.As such, the Pensions and...

Pension Schemes Determined by Social Status

Fri, 28 May 2010 08:15:00 +0100

The latest report prepared by British Office for National Statistics suggests that the number of workers enrolled in company pension schemes has fallen by 5%...

SIPP Investors Might Fund Luxury Resorts

Fri, 21 May 2010 08:00:15 +0100

David Lloyd, aged 62, a former professional tennis player and currently a businessman, announced that he plans to launch two Self-Invested Personal Pension...

British People Need to Save for Retirement

Thu, 06 May 2010 09:46:37 +0100

The latest study performed by MGM Advantage, leading British specialist in financial and retirement services, suggests that UK citizens have to put by a...

Tories advocate fair pension

Wed, 21 Apr 2010 12:48:11 +0100

Conservatives proclaimed raising the basic state pension by linking it to income rather than prices in 2012. Before the May elections Teresa May initiated a...

Pension Schemes Finally Get Out Of Crisis

Fri, 16 Apr 2010 07:00:00 +0100

Since June 2008, the UK's private sector final-salary pension schemes have finally got out of the financial difficulties and are in an active balance...

Change for the worst for pension providers risks a standstill in the sector

Sun, 14 Mar 2010 19:56:35 +0000

Changes on higher earners taxation and National Employment and Savings Trust development may result in pension providers’ improvement...

Government Pension freeze plan rejected by liberal democrats

Sat, 13 Mar 2010 21:44:22 +0000

Liberal Democrats will vote against freezing government pensions top-up payments in April. According to pension spokesman Webb and Liberal Democrats freezing...

Cofunds launch a product to reward its investors

Sat, 13 Mar 2010 15:42:22 +0000

This February Suffolk Life and Cofunds are launching a personal pension on the Cofund’s platform in the first quarter of 2010. The product is said to be...

SIPP reaches legal age on March 14th

Sat, 13 Mar 2010 15:16:46 +0000

This Sunday March 14th 2010 will be SIPPs official 21st anniversary. SIPP or Self Invested Personal Pension was introduced by Thatcher government back in 1989....

FSA Urged to Review the Stakeholder Pension Rule

Mon, 01 Mar 2010 13:02:13 +0000

The RU64, or the stakeholder pension rule, should be revised as it no longer appropriate in the modern environment of the pension industry, pension providers believe.

Investec Bank’s Self-invested Personal Pension Plan Pays 2.5%

Mon, 01 Mar 2010 13:01:00 +0000

The newly launched investment product by Investec Bank pays as much as 2.5% on self-invested personal pension plans.

Standard Life Introduces New Personal Pension Plan for the Young

Mon, 01 Mar 2010 12:59:01 +0000

Young Brits are encouraged to think about their financial future by taking out the newly launched personal plan.

New Work Pension Scheme Makes UK Businesses Seek Advice

Mon, 01 Mar 2010 12:55:51 +0000

Small UK businesses intend to seek advice on the National Employment Savings Trust pension scheme, which is to be launched in 2 years.

State Pension Age Should be Raised to 70

Mon, 01 Mar 2010 12:51:57 +0000

PricewaterhouseCoopers research showed that the UK will either have to raise the SPA to 70, or to increase taxes to manage with state pension costs.