Pension News
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Pension funds want more money for mismanagement
17 Aug 2008
source:
financemarkets.co.uk
... Final salary pension funds return to the red, with pension trustees looking for more money to shore up the losses. What no one seems willing to talk about, though, is the mismanagement of final... |
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Pensions expert predicts pension age to rise to 70
1 Aug 2008
source:
financemarkets.co.uk
... As a result of growing life expectancy, a pensions guru is predicting that millions of men and women will have to stay in employment until they are 70. Lord Turner, who 2 years ago said the... |
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Pensioners return to work due to lack of funds
20 Jul 2008
source:
financemarkets.co.uk
... Due to the rising cost of living, pensioners in the UK are being forced to delay their retirement, or return to work. Research from life insurance provider Zurich has established that nearly three... |
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Rising living costs are affecting ability to save
1 Jul 2008
source:
financemarkets.co.uk
... Research from life insurer, Scottish Widows, has discovered that one in three Britons is unable to save for their retirement. The survey, which monitors the retirement provision of people aged 30... |
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British workers set to retire on less than minimum wage
3 Jun 2008
source:
financemarkets.co.uk
... According to Fidelity’s third annual retirement index, British workers are set to retire on less than the minimum wage. A typical worker will see their earnings fall by over 50% on reaching... |
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New SIPP launched by Prudential
22 May 2008
source:
financemarkets.co.uk
... Prudential has increased its presence further in the retirement solutions market by introducing a new lower cost self-invested personal pension (SIPP) option called FundSIPP, which is in partnership... |
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Large employers set to offload pension schemes
9 May 2008
source:
financemarkets.co.uk
... According to actuarial consultancy, Lane Clark and Peacock (LCP), some of the UK’s largest employers are likely to offload their pension schemes during the next 12 months. LCP said the number... |
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Thousands of married women may not be receiving full state pension ...
6 May 2008
source:
financemarkets.co.uk
... According to Mike O’Brien, Pensions Minister, up to 73,000 women may be entitled to £1,400 in backdated payments. Mr O’Brien has admitted that thousands of married women may not be... |
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Retirement ruined by downsizing
16 Apr 2008
source:
financemarkets.co.uk
... A study by Saga has revealed that 10% of retirees are forced to move house once they stop working. Saga said as living costs continue to soar, retirees do not have sufficient funds to cover a... |
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Pensioners slipping below the poverty line
16 Apr 2008
source:
financemarkets.co.uk
... Figures from the Office for National Statistics (ONS) have established that half of all single pensioners receive an annual income of under £6,000. The ONS figures, which cover 2005/06, also... |

