Pensions
Minister urges people to save for retirement
3rd October 2008
People have a "responsibility" to save towards their retirement, the minister for pensions reform has claimed. Speaking at a seminar organised by the Life Trust Foundation, Mike O'Brien said people were living longer, yet many were not saving enough for their retirement. This, he claimed, ... read more »
Pension savers 'missing out'
2nd September 2008
Delays in the process of transferring funds into annuities when people retire could mean they lose out financially, according to a new report.Virgin Money has warned that annuity transfer delays could potentially lose thousands of pounds in income.The firm stated that a 65-year-old man with a ... read more »
Retirement is "exciting" for baby-boomers
14th August 2008
Far from being a time to slow down, retirement is an "exciting" prospect for Britain's baby-boomers, according to a new report.A survey carried out by AEGON found just 29 per cent of 50 to 65-year-olds anticipate stopping working when they reach retirement age, while 12 per cent said they ... read more »
Britons 'confused' over pensions
11th August 2008
A significant number of people in the UK do not fully understand pensions, a new report has revealed.The study by Halifax Financial Services found 61 per cent of those questioned did not know the difference between a personal pension and a state pension.A further 79 per cent admitted they did not ... read more »
Pensions most important benefit, says NAPF
20th May 2008
Most people consider workplace pension schemes to be the top benefit an employer can offer, the National Association of Pension Funds (NAPF) has said.According to a recent survey by the organisation, nearly 49 per cent of respondents said they would feel greater loyalty to their company if it ... read more »