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- ACA: Pensions need not go to extremes - 18th February, 2009
The Association of Consulting Actuaries (ACA) has called on MPs and the government to rethink some of their pension proposals, following announcements by both the government and Theresa May, shadow leader of the Commons.
Ms May said that in the event of a conservative election victory, MPs will receive a defined contributions pension, but the ACA claimed this would place 100 per cent of the risk with the employee.
Equally, ACA claimed that defined benefits pensions place too much risk with the employer and urged both the government and the opposition to consider a middle way, for both MPs and public sector employees... - Pensions advice provider criticises personal accounts - 10th February, 2009
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An independent pensions advice provider, Dr Ros Altmann, has criticised a government report into the implications that means testing for personal accounts pensions would have for people in the UK.
Dr Altmann claims that the government report is "a whitewash" and said that its conclusions do not tally with her analysis of the situation... - Pensions advice provider: Brits expect more from retirement - 5th February, 2009
Prudent Minds - number 1 for pensions advice
People in the UK are changing their attitudes towards retirement, according to new research published by a pensions advice and savings account provider.
Standard Life, which unveiled the research during a debate entitled The Death of Retirement, found that members of the baby boomer generation expect more from their retirement than any generation previously... - HSBC offers new bonds - 28th January, 2009
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HSBC has launched two new bonds aimed at over-60s who may be using savings accounts to cover the costs of their retirement.
The bank said it had been taking pensions advice from its elderly customers and had launched the new bonds as a response to enquiries.
HSBC's new bonds offer interest rates of 3.5 per cent on the three-year High-Interest Deposit Bond, or 3.75 per cent on a five-year bond... - Pensions warning for Brits - 22nd January, 2009
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Many British people are in danger of running out of retirement income by the time they reach the age of 85, according to the latest pensions advice from Lincoln Financial Group... - Credit crunch mean people putting off retirement - 14th January, 2009
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The credit crunch is pushing many people in the UK to put off their retirement, according to research conducted by a cheap life insurance provider.
Life Trust, which also gives pensions advice, found that one-quarter of working adults in the UK are considering putting off their retirement as the credit crunch causes the value of their savings and property investments to fall... - Flexible retirement packages 'are becoming more popular' - 8th January, 2009
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Research by a pensions provider has found that demand for flexible retirement products is growing.
Lincoln Financial Group said that recently it recorded an increase of 30 per cent in the numbers of enquiries about its flexible package the Lincoln i2Live from those seeking pensions advice.
The firm said that the recent market turbulence could be pushing more people to ask for pensions advice about flexible packages, as the income guarantee option these can provide becomes more attractive... - UK's personal debt increases - 5th January, 2009
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The UK's personal debt has increased by a total of £1 million every ten minutes during 2008, according to figures released by Credit Action today.
Credit Action found that the total amount owed by individual Britons stood at £1,456 billion at the end of November 2008 - an increase of £56 billion on the previous year - despite the fact that the credit crunch has made loans harder to come by in recent months... - State pension 'falls short' - 2nd January, 2009
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People in the UK think the current state pension falls considerably short of what they consider to be a comfortable amount to live off during retirement, according to a survey published today.
The poll, conducted by Friends Provident, found that £832 is the average monthly amount considered enough to live a comfortable retirement - £439 more than an individual pensioner currently receives from the state... - Credit crunch 'hits Santa' - 18th December, 2008
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It seems even Father Christmas himself is not immune to the financial ravages of the credit crunch, as new research reveals that many children believe Santa's sack will be lighter this year because of the downturn.
A survey conducted by LV= showed that over one quarter of children who believe in Santa Claus believe he will have been credit crunched like everyone else...