UK - Employers are to be given tax incentives to offer pensions advice to staff.
Chancellor Gordon Brown’s Budget said firms which provided access to pensions information and advice to employees worth up to £150 per person per year, would be able to do so tax-free.
Pensions minister Malcolm Wicks said: “The workplace is the key route for information and advice on pensions and pilot schemes are already in place to test how we can use it most effectively. We will be working with employers and the financial services industry to take these forward.”
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
Plastics manufacturer Carclo has missed yet another dividend as it continues to battle its defined benefit (DB) pension funding shortfall.