News

Research shows that not enough young people get the right information for saving from their workplace or education provider, leaving them unprepared for retirement.

The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index fell to £262.5bn at the end of October as both gilt yields and equity markets rose.

Paying into a workplace pension is widely seen as the most secure way to fund retirement, but most people think property will deliver better returns, according to official data.

Zurich has added to the retirement support available to members of its workplace pension schemes with the introduction of a pot consolidation service and financial planning tool.

Schemes have been urged to check amendments to scheme rules carefully after the High Court ruled against an employer in a case that could increase its pension liabilities by £17m.

The Pensions Ombudsman has ordered Abbey Life to pay almost £10,000 to a member for failing to inform her that she had a guaranteed annuity rate (GAR).

The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has appointed Towers Watson to provide fiduciary management services to the £850m scheme.

Capital Cranfield Trustees has expanded with the appointment of Stella Girvin and Martin Flavell as client directors.

Former pensions minister Steve Webb believes the money put into Pension wise would have been better spent giving retirees vouchers for financial advice.

Dairy Crest has bought back properties owned by its defined benefit (DB) pension scheme ahead of the sale of the group's dairies business in December.