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NAPF endorses NEST appointment
Tuesday, January 26th, 2010
The National Association of Pension Funds (NAPF) has welcomed the news of Lawrence Churchill's appointment as chair of the NEST Corporation.Mr Lawrence will lead the Department for Work and Pensions' nationwide pension scheme from February 1st.The NAPF said Mr Churchill's appointment was an "excellent choice".Joanne Segars, NAPF chief executive, said: ... read more
Increase in pensioner travel plans
Monday, January 25th, 2010
The number of people aged over 65 who are requesting winter sports cover on their holiday insurance has increased by 20 per cent over the last 12 months, according to a new report.A study published by Age Concern and Help the Aged has revealed that pensioners are travelling further abroad ... read more
Banks are not ‘doing enough’ to help customers
Monday, January 25th, 2010
A quarter of Britons do not feel they can trust their banks at all, new research has shown.Figures published by money.co.uk have revealed that 25 per cent of banking customers feel the financial institutions are not to be trusted.The report also revealed that many customers feel banks do not do ... read more
HMRC code mix up ‘could cost taxpayers hundreds of pounds’
Monday, January 25th, 2010
Thousands of pension scheme trustees and employees could lose out on hundreds of pounds unless HM Revenue & Customs (HMRC) comes forward about problems within its new pay as you earn (PAYE) system.This is the view of the Chartered Institute of Taxation (CIOT), which said "huge numbers" of people could ... read more
Internet ‘cutting out need’ for financial advisers
Monday, January 25th, 2010
People who are looking into attractive ways to save or invest money can now access the information they require on the internet, cutting out the need for financial advisors, according to one industry body.Independent research from the Fair Investment Company has revealed that 34 per cent of its customers no ... read more
Government rescues pension losers
Friday, January 22nd, 2010
More than 150,000 people are to share £3.5 billion in government compensation as a result of issues with the pension market.The Department of Work and Pensions has announced that many workers will have at least 90 per cent of their pensions guaranteed after their employers "went bust".Angela Eagle, minister of ... read more
DWP announce new Pension Advisory chair
Friday, January 22nd, 2010
Partha Dasgupta has been appointed chairman of the Pensions Advisory committee by secretary of state for work and pensions Yvette Cooper.Mr Dasupta said he was very pleased to accept the role and claimed last year's record public demand for an independent information service showed a "growing need" for the Pensions ... read more
Minister Accused of misleading thousands over pension compensation
Friday, January 22nd, 2010
Pensions minister Angela Eagle has been accused of misleading the public in regards to compensation for collapsed pension funds.The Department for Work and Pensions released a statement yesterday (January 21st) announcing trustees of schemes at firms which had "gone bust" would receive "at least" 90 per cent of their savings ... read more
Christmas saving for 2010 has started already
Thursday, January 21st, 2010
UK savers have already set aside £3 million for this coming Christmas, according to one financial institution.Members of the Yorkshire Building Society's Christmas Saver account have started saving in the first month of the New Year in order to spread the cost of the festive season.The society has offered customers ... read more
Warning issued to gold owners
Thursday, January 21st, 2010
People looking to cash in on the "gold rush" are having their jewels consistently undervalued by TV gold buyers, consumer guide Which? has claimed.The independent service conducted a test which found companies advertising on TV to buy gold are offering "shockingly bad value" to sellers.According to Which?, CashMyGold offered £38.57 ... read more
