News

Just one in ten people exploring retirement options has considered turning to Pension wise, according to research from the National Association of Pension Funds (NAPF).

Workers at Northumbrian Water are set to strike from 20 October over the introduction of a Career Average Revalued Earnings (CARE) scheme.

Constant government meddling has reduced confidence in pensions to a historic low according to Whitbread chief executive Andy Harrison.

Over a third (37%) of employers offer limited case-by-case financial education for employees with a similar number (35%) not offering any staff support at all.

Over a quarter of employers (27%) plan to signpost absent employees towards Fit for Work (FfW) in the absence of GP referrals.

Proposed government changes to pensions tax relief threaten to turn pension revolution to "pension implosion" according to outgoing NAPF chairman Ruston Smith.

Nearly half of UK employers (49%) are worried about older workers deferring retirement due to inadequate savings - with the majority fearing the situation will get worse.

Royal Mail staff have received the final 1% of shares in the now fully privatised company.

The latest figures from Pension Protection Fund (PPF) 7800 Index reveal total defined benefit scheme deficits have risen 11% in one month.

Replacement rates are being made obsolete by the retirement flexibilities introduced in April according to research from the Pensions Policy Institute (PPI).