Pensions news
- Scots could be 'storing up pension problems' - 3rd November, 2009

People in Scotland would be worst affected should the government take action on the growing need for public sector pension reform.
Research conducted by independent pensions expert Stewart Ritchie on behalf of Aegon shows that a disproportionately high number of Scots work for the state, making them less likely to have been affected by the move from defined benefit to defined contribution pensions... - Britain faces 'pension dark age' - 2nd November, 2009

Britons have been warned they risk living in a "pensions dark age" if the downward trend for occupational pension scheme participation continues.
Research carried out by AXA shows UK workers are increasingly looking to the state pension as a means to fund their retirement, with fewer people opting to be a part of an occupational pension scheme... - Scottish Widows study reveals retirement pensions gender gap - 13th October, 2009

A new survey by retirement pensions firm Scottish Widows has found that fewer women are making savings towards the years they will no longer be in employment compared to men.
The research discovered that only 47 per cent of female over-50s are putting money towards their retirement pension fund, while 59 per cent of males continue to top up their savings, and this gap has increased by three per cent in the last 12 months... - Marks and Spencer, Kellogg's honoured for personal pension plans - 25th September, 2009

Brits working for department store chain Marks and Spencer or cereals producer Kellogg's may be pleased to know that they are currently on award-winning personal pension plans, leaving them well set up for retirement.
The Pension Quality Mark, set up by the National Association of Pension Funds (NAPF), has recognised the two companies, along with Accenture, BG Group, IBM, Standard Life and the Royal College of Physicians, in their work for the schemes... - 72% 'have no pension plans in place' - 27th July, 2009

New research has highlighted that almost three-quarters of Brits have no pension provision in place, putting millions at risk of struggling financially during retirement.
Statistics from Datamonitor highlight that 72 per cent of Britons are not putting cash aside for retirement, with 89 per cent of people aged between 18 and 24 having no pension provision... - Private over government pensions, new survey suggests - 20th July, 2009

Those looking for a better pension scheme may be interested to know that private options have been outperforming state alternatives, according to a new report.
The Lloyds TSB Wealth Management Pensioner Incomes report looked at data from the Department of Work and Pensions and the Office for National Statistics collected between 1987 and now... - LV= releases pension report - 15th July, 2009

A new report which shows that over-50s are expecting to have to continue work past the age of retirement because the recession has affected their ability to save for their pensions has been released by LV=.
The investments, pensions and insurance group's State of Retirement report shows the extent of the pessimism which is rife in those reaching 65, with the number of ERICs (those Experiencing Retirement Income Concerns) rising in the past 12 months... - Brits 'not prepared with retirement pensions' - 30th June, 2009

A number of British people do not have retirement pensions other than state provisions, according to a study from YouGov.
Research commissioned by Employee Benefits adviser Foster Denovo found more than a third of Brits who are not already retired do not have personal or company retirement pensions... - UK's public sector pensions 'are burdened' - 29th June, 2009

Retirement pensions in the UK's public sector are under more pressure than those in the US, a new report has revealed.
According to the British-North American Committee (BNAC), the retirement benefits of civil servants in the UK is the equivalent of 85 per cent of annual gross domestic product, reports the Daily Telegraph... - New retirement pension solution launched by Aegon - 25th June, 2009

Financial advice and asset management firm Aegon has unveiled a new "third-way" retirement pension for over-65s requiring an income.
The variable annuity investment is aimed at retirement pension receivers or those approaching the age for giving up work and will offer guaranteed capital which can rise over time...