News

Public sector pensions will be capped as part of government plans to pay-off the UK's burgeoning budget deficit.

Alistair Darling delivers his Pre-Budget Report - read about pension tax relief restrictions and a tax rise for those earning over £20,000.

The Chancellor said the phased roll-out of personal accounts was a "necessary choice" to save money.

Everyone earning over £20,000 a year faces a tax rise from 2011.

As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions.

UK - As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions announced in today's pre-budget report.

The Chancellor says he is confident the UK's economy will return to growth in 2010.

GLOBAL - Exchange traded funds are generally more expensive than many institutional index products and an unattractive long-term investment option for most pension funds, Watson Wyatt claimed.

Exchange traded funds are generally more expensive than many institutional index products and an unattractive long-term investment option for most pension funds, Watson Wyatt claims.

Prospect has branded Ofgem's plans to shake up the way energy companies pass through pension costs as a "fudge".