UK - Figures released by the Office of National Statistics (ONS) reveal many pensioners are living on modest incomes, while rising inflation continues to add to the financial pressures faced by retirees.
The ONS data revealed 61% of single pensioners had annual incomes of less than £10,000, while 45% of pensioner couples had an income under £15,000. However, the ONS' information also showed around two-thirds...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.